Announced Tue, 27 Oct, 2026 · 18:40 IST
Maharaja & Speedex invests Rs 6.47 crore in bottle-making subsidiary
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Maharaja & Speedex India invested Rs 6.47 crore in wholly owned subsidiary Dewdrop Bottles by subscribing to 147,000 shares at Rs 440 each. The money will fund plant and machinery purchases and repay an ICICI Bank loan. Dewdrop reported turnover of Rs 88.98 crore for the year ended March 2026. Ownership remains unchanged.
Likely market impact
Supports capacity expansion and reduces subsidiary debt, but requires cash funding and offers no immediate change in group ownership.