Acquisitions6 Apr 2026, 03:14 pm
Shubhalakshmi Polyesters Acquires 24.50% Stake in Shree Hari Chemicals Export via Conversion of CCDs
AI Summary
Shubhalakshmi Polyesters Ltd. has acquired a 24.50% stake in Shree Hari Chemicals Export Ltd. through the conversion of Compulsorily Convertible Debentures (CCDs). The acquisition took place on 15th November 2024, with Shree Hari Chemicals Export's equity share capital increasing from Rs. 5,53,79,340 to Rs. 6,31,28,800 post-acquisition. The total voting capital of Shree Hari Chemicals Export also increased from 55,37,934 to 63,12,880 equity shares.
Key Highlights
- Shubhalakshmi Polyesters acquired a 24.50% stake in Shree Hari Chemicals Export Ltd.
- The acquisition was made through the conversion of Compulsorily Convertible Debentures (CCDs).
- Shree Hari Chemicals Export's equity share capital increased from Rs. 5,53,79,340 to Rs. 6,31,28,800 post-acquisition.
- The total voting capital of Shree Hari Chemicals Export increased from 55,37,934 to 63,12,880 equity shares.
- The acquisition was completed on 15th November 2024.