Announced Sat, 20 Jun · 16:38 IST
Chemkart invests Rs 10L in wholly owned subsidiary Vinstar Biotech
Strategic Transactions View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+4.4%1-day move
₹136.00
prior close
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base price
After-mkt
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AI summary
Chemkart India invested Rs 10 lakh in its wholly owned subsidiary Vinstar Biotech Private Limited via Rights Issue of 1,00,000 shares at Rs 10 each. Ownership stays at 100 percent. Vinstar is an R&D nutraceutical firm incorporated in 2023 with FY25-26 turnover of Rs 223.43 lakh, loss after tax of Rs 24.72 lakh, and negative net worth of Rs 34.69 lakh. Funds are for capital expenditure and working capital. Related party transaction at arm's length.
Likely market impact
Minor capital infusion into loss-making subsidiary with negative net worth. Limited immediate impact on shareholders but subsidiary needs further support.