Investment17 Sept 2026, 10:30 pm
Manglam Global Invests ₹21 Lakhs in Wholly Owned Subsidiary
AI Summary
Manglam Global Corporations Ltd has made an equity investment of ₹21,00,000 in its wholly owned subsidiary, Shri Krishnam Industries Private Limited. This investment aligns with the company's growth and expansion strategy in the agro-processing segment, specifically in dal milling. The subsidiary is currently setting up a new project for dal manufacturing. The investment is within the shareholder-approved limit of ₹15 crore and is considered a related party transaction as per SEBI LODR Regulations.
Key Highlights
- Company invested ₹21 Lakhs in its wholly owned subsidiary.
- Investment aims to strengthen agro-processing and dal milling presence.
- Subsidiary is setting up a new dal manufacturing project.
- Investment is within shareholder-approved limit of ₹15 crore.
- Transaction is a related party transaction.
Price Impact
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