JHS Svendgaard Invests ₹5 Cr in Purple Rock Infra OCDs

JHS Svendgaard Retail Ventures Ltd has subscribed to 50,00,000 Optionally Convertible Debentures (OCDs) of Purple Rock Infra Private Limited, each with a face value of ₹10, totaling an investment of ₹5,00,00,000. The investment is a strategic move into the infrastructure sector to strengthen long-term business relations. The transaction falls under related party transactions but is conducted at arm's length. Purple Rock Infra Private Limited was incorporated on March 10, 2024, with an authorized and paid-up capital of ₹10,00,000. The completion of this investment is expected within 60 days. Currently, JHS Svendgaard does not hold any shareholding in Purple Rock Infra.