Announced Mon, 22 Jun · 13:25 IST
Loan converted to equity in CARYA; Suraj stake rises to 96.06%
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.9%1-day move
₹57.50
prior close
₹57.50
base price
In-mkt
timing
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Up moveDown movePending
AI summary
Suraj Industries converted a Rs. 25 crore unsecured loan into equity of its material subsidiary Carya Chemicals. Carya allotted 1.05 crore shares at Rs. 23.80 each. Suraj's stake in Carya rose from 95.44% to 96.06%. Carya operates in breweries and distilleries, with FY26 turnover of Rs. 87.11 crore. No cash was paid; transaction is a related party deal at arm's length.
Likely market impact
Increases control in subsidiary without cash outflow; strengthens holding structure in liquor bottling and distillery business.