Announced Mon, 20 Jul · 14:58 IST
Rs 75 crore investment approved in data centre subsidiary
Capex & Operations View source PDF
ANANTRAJ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.6%1-day move
₹592.85
prior close
₹601.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0-0.2-0.2+0.1+2.6+3.7-1.0-1.1+4.3—————
Up moveDown movePending
AI summary
Anant Raj approved about Rs 74.86 crores additional investment in wholly owned subsidiary Ashok Cloud Private Limited (ACPL) via rights issue, acquiring over 37 crore equity shares at Rs 2 face value. ACPL runs data centre and cloud business with nil turnover and net worth of about Rs 4.39 lakhs. Funds will develop data centres and cloud operations. Shareholding stays at 100 percent.
Likely market impact
Shows strong push into data centre vertical. Subsidiary is pre-revenue, so execution risk is high but long-term growth bet is clear.