Hindustan Media Ventures Converts Warrants for ₹32.5 Cr in RD Retail
Hindustan Media Ventures Ltd (HMVL) has announced the conversion of 3,250 warrants into 3,927 equity shares of RD Retail India Private Limited (RD Retail), amounting to ₹32.5 Crore. This conversion represents approximately 3.8% of RD Retail's equity share capital. RD Retail, a B2B marketplace for FMCG products in Delhi NCR, reported turnovers of ₹77.28 Crore in FY25, ₹59.04 Crore in FY24, and ₹68.19 Crore in FY23. HMVL views this investment as a strategic move for future capital returns, leveraging its media assets. The transaction is a cash consideration and does not involve related parties.
Key Highlights
- HMVL invested ₹32.5 Crore converting warrants into RD Retail equity.
- Acquisition represents ~3.8% stake in RD Retail India Private Limited.
- RD Retail is an FMCG B2B marketplace with FY25 turnover of ₹77.28 Cr.
- Investment aims for future capital returns and leveraging media assets.
- Transaction is a cash consideration, not a related party deal.
Price Impact
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