Shree Hari Chemicals Export Capital Structure Change
Shree Hari Chemicals approved a preferential issue of 22.85 lakh convertible warrants at Rs. 176.10 each, aggregating Rs. 40.24 Crore to promoters.
- Value
- ₹40.24 Cr
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Shree Hari Chemicals approved a preferential issue of 22.85 lakh convertible warrants at Rs. 176.10 each, aggregating Rs. 40.24 Crore to promoters.
Shree Hari Chemicals Export Ltd allotted 7,74,946 equity shares to promoter Shubhalakshmi Polyesters Limited upon conversion of Compulsorily Convertible Debentures. This increases the acquirer's stake from 13.93% to 24.50%, while total promoter group holding rose to 64.26% of the expanded capital.
Shubhalakshmi Polyesters Limited, a promoter group entity, acquired 7,74,946 equity shares of Shree Hari Chemicals Export Limited following the conversion of CCDs. This transaction increases the total promoter group holding from 59.25% to 64.26%, reflecting strengthened promoter commitment and a restructured capital base.