Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, investment in wholly owned subsidiary.
CLEAN · price
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Clean Science and Technology Limited has informed the stock exchanges about making an investment in its wholly owned subsidiary, as required under SEBI listing regulations. The disclosure falls under Regulation 30, which mandates companies to report material events to investors. Specific details regarding the amount of investment and the name or operations of the subsidiary are not mentioned in the headline. This is a routine corporate action where the parent company is committing fresh capital into an entity it already fully owns.
Since the subsidiary is wholly owned by the company, this investment does not change the overall ownership structure. Shareholders should look for further details on the size of the investment and the subsidiary's business to assess whether this signals expansion plans or routine capital infusion.