Announced Tue, 29 Sept, 2026 · 18:35 IST
Touchwood invests Rs 49.3 lakh in subsidiary TouchTown via CCDs
TOUCHWOOD · 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
-4.3%1-day move
₹60.00
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-4.3-1.7-2.9+0.3-2.6—————
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AI summary
Board approved investment of Rs 49,30,000 (about Rs 49.3 lakh) in subsidiary TouchTown Ventures Private Limited via 4,93,000 compulsorily convertible debentures at Rs 10 each. CCDs convert to equity at 1:1 ratio after 60 months. Upon conversion, Touchwood's stake in TouchTown will rise to 50 percent of expanded equity. TouchTown operates in real estate; deal is a related party transaction carried out at arm's length pricing. Total CCD issue size is Rs 99 lakh.
Likely market impact
Small capital infusion into subsidiary; unlikely to materially move the stock. Signals continued support for TouchTown's growth plans.