
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.
Price Impact
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