Announced Wed, 24 Jun · 16:15 IST
Invests Rs 50 crore in wholly owned subsidiary Clean Fino-Chem
Strategic Transactions View source PDF
CLEAN · price
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-2.6%1-day move
₹788.80
prior close
₹789.00
base price
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AI summary
Clean Science and Technology invested about Rs 50 crore in its wholly owned subsidiary Clean Fino-Chem (CFCL) by subscribing to 8,36,121 equity shares at Rs 10 face value plus Rs 588 premium. CFCL makes speciality chemicals. Its turnover grew sharply from Rs 1.92 crore in FY24 to Rs 46.77 crore in FY25 to Rs 166 crore in FY26. Funds will be used for project funding. Transaction is a related party deal done at arm's length, paid in cash.
Likely market impact
Capital infusion into a fast growing wholly owned subsidiary. CFCL turnover rose about 86 times in two years, likely supporting future consolidated earnings.