Announced Thu, 25 Jun · 16:53 IST
Swati Projects invests Rs 1 Cr in wholly owned subsidiary Radhashree Roadsters
Strategic Transactions View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹32.10
prior close
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base price
After-mkt
timing
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AI summary
Swati Projects has been allotted 10 lakh equity shares of Rs 10 each in its wholly owned subsidiary Radhashree Roadsters, investing Rs 1 Crore at par. The subsidiary will use the funds for business operations and loan repayment. Total investment by Swati Projects in the subsidiary now stands at Rs 1.5 Crore. The transaction is a related party deal at arms length and needs no regulatory approval.
Likely market impact
Minor capital infusion into wholly owned subsidiary, a routine corporate action with limited immediate impact on shareholders.