Investment9 Jun 2026, 04:51 pm
KRN Heat Exchanger Invests ₹235 Cr in Subsidiary KHPL
AI Summary
KRN Heat Exchanger and Refrigeration Ltd's Banking and Finance Committee has approved an investment of ₹235.26 crore in its wholly-owned subsidiary, KRN HVAC Products Private Limited (KHPL). This investment, made through the purchase of 78,41,917 equity shares at ₹300 per share, is part of the funds raised via Qualified Institutions Placement (QIP). The funds will be used by KHPL to meet its working capital requirements. KHPL reported a revenue of ₹218.85 crore for FY 2025-26. The acquisition is considered a related party transaction but is on an arm's length basis. The completion is expected within one month.
Key Highlights
- KRN Heat Exchanger invests ₹235.26 Cr in subsidiary KHPL.
- Investment to fund KHPL's working capital requirements.
- KHPL's FY26 revenue was ₹218.85 Cr.
- Transaction is a related party deal on an arm's length basis.
- Acquisition is part of QIP proceeds utilization.
Price Impact
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