Investment25 Aug 2026, 07:40 pm
Himadri Speciality Chemical Invests AUD 16.94 Lacs More in Sicona Battery
AI Summary
Himadri Speciality Chemical Ltd has remitted an additional AUD 16,94,000 in cash for the last tranche of investment in Sicona Battery Technologies Pty Ltd, subscribing to 16,94,000 Compulsorily Convertible Notes (CCNs). This brings the company's cumulative holding in Sicona to 1,84,47,000 CCNs. The investment is made via CCNs, and no additional voting rights or control have been acquired by Himadri Speciality Chemical at present. The CCNs are convertible into shares of Sicona as per agreed terms. This update follows a previous announcement on May 13, 2025, regarding further investment approval.
Key Highlights
- Himadri Speciality Chemical made a final tranche investment of AUD 16.94 Lacs in Sicona Battery.
- Total CCNs held in Sicona Battery now stand at 1,84,47,000.
- No additional voting rights or control acquired through this investment.
- Investment is in the form of Compulsorily Convertible Notes.
- CCNs are convertible into Sicona shares under agreed terms.
Price Impact
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