Announced Thu, 9 Jul · 16:47 IST
Concord Enviro invests Rs 10.54 cr in subsidiary RSSIPL via rights issue
Strategic Transactions View source PDF
CEWATER · price
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Price reaction · full curve 14 horizons · vs prior close
+3.4%1-day move
₹322.10
prior close
₹324.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.7-1.1—+3.4-1.3-0.9-0.7-3.5-4.4————
Up moveDown movePending
AI summary
Concord Enviro Systems invested Rs 10.54 crores in its wholly-owned subsidiary Rochem Separation Systems (India) Private Limited via rights issue. Subscribed to 3448 equity shares at Rs 30,555.55 per share. Funds will finance RSSIPL's brownfield expansion at Vasai. RSSIPL, in water and wastewater treatment, reported turnover of Rs 402.08 crores and networth of Rs 152.78 crores. RSSIPL remains a wholly-owned subsidiary with no change in shareholding.
Likely market impact
Capital infusion into existing subsidiary for expansion. No change in ownership. Largely neutral for shareholders.