Investment15 Sept 2026, 04:30 pm
Shilp Gravures Invests ₹1.43 Cr in Wholly Owned Subsidiary Etone India
AI Summary
Shilp Gravures Limited has announced a further investment of ₹1,42,93,800 in its wholly-owned subsidiary, Etone India Private Limited. This investment was made through the subscription of 14,29,380 equity shares at a face value of ₹10 each under a rights issue. Etone India Private Limited is engaged in the manufacturing of gravure cylinders. The company's turnover for FY26 was ₹1269.60 lacs. This move is intended to expand the business of Shilp Gravures Limited. The transaction is considered a related party transaction, but it is conducted on an arm's length basis with no interest from the promoter or promoter group in the target company.
Key Highlights
- Shilp Gravures invested ₹1.43 Cr in its subsidiary Etone India.
- Investment made via rights issue subscription for 14,29,380 equity shares.
- Etone India manufactures gravure cylinders and had FY26 turnover of ₹1269.60 lacs.
- The investment aims to expand Shilp Gravures' business operations.
- Transaction is on an arm's length basis.
Price Impact
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