Announced Fri, 10 Jul · 17:22 IST
Subsidiary DPL invests Rs 120 cr in step-down arm DCTL via 9 percent OCRPS
Fund Raising View source PDF
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₹1626.00
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AI summary
Deepak Nitrite told BSE that wholly owned arm Deepak Phenolics invested Rs 120 crores in another wholly owned arm Deepak Chem Tech. DPL subscribed to 1.2 crore 9 percent Optionally Convertible Redeemable Preference Shares at face value of Rs 100 each. Funds will strengthen DCTL capital base and support project expenses. Both are 100 percent subsidiaries of Deepak Nitrite, so it is a related-party transaction at arm's length. DCTL FY26 turnover was Rs 172 crores.
Likely market impact
Internal group restructuring between subsidiaries; neutral for shareholders as parent equity stays unchanged and no fresh dilution at Deepak Nitrite level.