Investment11 Aug 2026, 10:00 pm
Vidya Wires Invests ₹125 Cr in Wholly Owned Subsidiary
AI Summary
Vidya Wires Limited has approved an investment of ₹125 crore in its wholly-owned subsidiary, ALCU Industries Private Limited (AIPL), through the subscription of 1% Non-Convertible Redeemable Preference Shares. This investment will not alter the company's 100% shareholding in AIPL. AIPL is engaged in the manufacturing and trading of aluminum and copper products. The transaction is considered a related party transaction but is conducted at arm's length. AIPL's turnover for FY26 was ₹124.432 million.
Key Highlights
- Vidya Wires invests ₹125 crore in subsidiary ALCU Industries.
- Investment is via 1% Non-Convertible Redeemable Preference Shares.
- Shareholding in ALCU Industries remains at 100%.
- ALCU Industries manufactures aluminum and copper products.
- Transaction is a related party deal at arm's length.
Price Impact
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