Anant Raj Ltd. Approves Significant Investment in Subsidiary Ashok Cloud Private Limited
Anant Raj Ltd. has approved an additional investment in its wholly owned subsidiary, Ashok Cloud Private Limited (ACPL), through a rights issue of equity shares proposed by ACPL. The move is intended to raise funds necessary for the development of ACPL’s data center and cloud business infrastructure.The Finance and Investment Committee of the Board of Directors at Anant Raj Ltd. considered and approved the investment, which involves acquiring 37,43,22,553 fully paid-up equity shares from ACPL. These shares are being acquired for a total consideration of Rs. 74,86,45,106/- (Rupees Seventy-Four Crores Eighty-Six Lakhs Forty-Five Thousand One Hundred Six Only).
Upon the completion of the proposed right issue by ACPL, the paid-up equity share capital of Ashok Cloud Private Limited is expected to increase significantly. The company’s capital will rise from Rs. 5,00,000 comprising 2,50,000 equity shares, to Rs. 74,91,45,106, which will be comprised of 37,45,72,553 equity shares, each with a face value of Rs. 2/-.
The acquisition increases the Anant Raj Ltd.’s shareholding in ACPL from 2,50,000 to 37,45,72,553 fully paid-up equity shares. Despite this substantial increase in share count, the percentage of shareholding and voting rights exercised by Anant Raj Ltd. in ACPL will remain at 100%.
Details regarding the target entity and the investment are provided below:
| Metric | Before Investment | Post-Investment Projection |
|---|---|---|
| ACPL Paid-up Capital | Rs. 5,00,000 | Rs. 74,91,45,106 |
| ARL Shareholding in ACPL | 2,50,000 Equity Shares | 37,45,72,553 Equity Shares |
| Control Percentage | 100% | 100% |
Subsidiary Background and Objectives
Ashok Cloud Private Limited is engaged in the Data Center and Cloud Business. It was incorporated on October 11, 2021. The primary objective of ACPL seeking this funding is to meet the financial requirements for developing its data centers and cloud business.The turnover details for the Target Company over the past three financial years are as follows:
| Financial Year | Turnover Status |
|---|---|
| FY 23-24 | Nil |
| FY 24-25 | Nil |
| FY 25-26 | Nil |
ANANTRAJ Stock Price Movement
Anant Raj Limited shares today gained 1.76% to close at ₹600.80, driven by strong buying activity in the Realty sector. The stock settled near its day high of ₹603, with a total traded volume amounting to 3.79 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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