Investment14 Jul 2026, 05:42 pm
Texmaco Invests ₹6.87 Cr in Wholly Owned Subsidiary
AI Summary
Texmaco Infrastructure & Holdings Ltd has announced a further investment of ₹6,87,75,000 in its wholly owned subsidiary, Valley View Landholdings Pvt. Ltd. (VVLPL). The investment was made by subscribing to 9,17,000 equity shares of ₹10 each at a premium of ₹65 per share. VVLPL operates in the Real Estate sector, and this investment aims to support and expand its footprint in the business. The transaction is considered a related party transaction but is conducted at arm's length. VVLPL's total income for FY26 was ₹0.25 lakhs, with revenues of ₹0.13 lakhs in FY25 and nil in FY24. The investment does not alter Texmaco's 100% shareholding in VVLPL.
Key Highlights
- Texmaco invested ₹6.87 Cr in its subsidiary VVLPL.
- Investment supports VVLPL's expansion in the Real Estate sector.
- Transaction is a related party deal at arm's length.
- No change in Texmaco's 100% ownership of VVLPL.
- VVLPL shows minimal revenue, focusing on future growth.
Price Impact
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