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HB Portfolio Ltd has been allotted 2,00,000 0% Fully Convertible Debentures (Series III) of face value Rs. 100 each in its wholly owned subsidiary, Infinix9 Hotels & Resorts Private Limited, on 1 September 2025. This represents an additional investment of Rs. 2 crore in the subsidiary. The allotment is part of the company's earlier approved plan to invest up to Rs. 25 crore in Infinix9 through subscribing to securities or providing loans. So far, Rs. 22 crore worth of securities have been allotted to the subsidiary.
This is a routine incremental capital infusion into an existing wholly owned subsidiary, with no new entity involved. Shareholders should note that Rs. 22 crore (of the Rs. 25 crore plan) has already been deployed, so further fund requirements into the hospitality subsidiary may be limited going forward.