Please find enclosed herewith, disclosure regarding updates on acquisition.
HERANBA · price
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Heranba Industries Ltd has completed the conversion of ₹450 Crores of Inter-Corporate Deposits (ICDs) granted to its wholly owned subsidiary Heranba Organics Private Limited (HOPL) into 45 crore Optionally Fully Convertible Debentures (OFCDs) of ₹10 each at par. HOPL is an agrochemicals company incorporated on August 29, 2022, with FY 2024-25 turnover of ₹220.58 Crores. The transaction is an internal debt restructuring with no fresh cash outflow and does not alter the company's 100% ownership or control over HOPL. This is a related party transaction conducted at arm's length price.
This is an internal restructuring within the group with no material impact on Heranba's financials or shareholding structure. Investors should note no change in control, no cash outflow, and the transaction being confined to a wholly owned subsidiary.