Announced Tue, 23 Jun · 19:38 IST

PI Industries converts OFCDs into equity of subsidiary PI Health Sciences

PIIND · price

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Price reaction · full curve 14 horizons · vs prior close

-3.0%1-day move

₹2763.00

prior close

₹2767.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

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Up moveDown movePending

AI summary

PI Industries is converting Rs. 1,000 crore of Optionally Fully Convertible Debentures (OFCDs) held in its wholly owned subsidiary PI Health Sciences Limited (PIHS) into about 72.46 crore equity shares at Rs. 13.80 per share, based on an independent valuation. No cash is involved and PIHS remains wholly owned. PIHS operates in the Pharma CRDMO business with a standalone turnover of Rs. 580.49 million as of March 2026. The move aims to strengthen the consolidated balance sheet.

Likely market impact

Internal restructuring with no change in ownership or cash outflow; expected to modestly strengthen the consolidated balance sheet of PI Industries.