StockWatch
·
IT Enabled Services
Investment28 Sept 2026, 03:21 pm

Onward Technologies Invests ₹13.1 Cr in Subsidiary OT Park

AI Summary

Onward Technologies Limited announced on September 28, 2026, that its Board of Directors has approved an investment of up to ₹13,10,40,000 in its wholly-owned subsidiary, OT Park Private Limited. The investment will be made through the subscription of up to 1,05,000 1% Optionally Convertible Redeemable Preference Shares (OCRPS) via a Rights Issue. The funds raised will be utilized by OT Park for its business requirements, including strengthening long-term operating infrastructure and workplace facilities for Onward Technologies, as well as for general corporate purposes. OT Park operates in the real estate and property holding sector.

Key Highlights

  • Onward Technologies to invest up to ₹13.1 Cr in subsidiary OT Park.
  • Investment via subscription to Optionally Convertible Redeemable Preference Shares.
  • Funds to strengthen infrastructure and workplace facilities.
  • OT Park is a wholly-owned subsidiary in real estate sector.
  • Transaction is a related party transaction.