Announced Wed, 24 Jun · 16:08 IST
Clean Science invests about Rs. 50 crores in subsidiary Clean Fino-Chem
Capex & Operations View source PDF
CLEAN · price
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AI summary
Clean Science has invested about Rs. 50 crores in its wholly-owned subsidiary Clean Fino-Chem by subscribing to 8.36 lakh additional equity shares at Rs. 598 each (Rs. 10 face value plus Rs. 588 premium) via a rights issue. The capital will fund CFCL's projects. CFCL operates in specialty chemicals and was incorporated in March 2022. Its turnover has grown sharply from Rs. 1.92 crores in FY24 to Rs. 46.77 crores in FY25 and Rs. 166 crores in FY26.
Likely market impact
Capital deployment into subsidiary for project funding. Strong turnover ramp-up at CFCL signals management confidence in subsidiary growth.