Valencia Subsidiary Dilutes to 75% Post Preferential Allotment

Valencia Nutrition Ltd's wholly-owned subsidiary, Valencia Beverages & Superwater Private Limited (VBSWPL), has undergone a preferential allotment of equity shares. This issuance has diluted Valencia Nutrition's stake from 100% to approximately 75%. Consequently, VBSWPL is no longer a wholly-owned subsidiary but remains a subsidiary of the parent company. The allotment was made to Mr. Manish Turakhia, the Managing Director and Promoter, for cash consideration at an arm's length basis, raising growth capital for the subsidiary's expansion. The subsidiary's paid-up capital increased from ₹9.01 Cr to ₹12.01 Cr post-issue.