Classic Electrodes (India) Limited Increases Investment in HM Power and Cables Private Limited
Classic Electrodes (India) Limited announced a further investment in HM Power and Cables Private Limited on March 24, 2026. The Board of Directors approved an investment of INR 46,00,000 for 4,60,000 equity shares, each with a face value of INR 10.This additional investment brings the total investment in HM Power and Cables Private Limited to INR 2,06,00,000, encompassing a total of 20,60,000 equity shares. HM Power and Cables Private Limited is a related party entity involved in the manufacturing of wires and cables. Further details regarding the acquisition and allotment of equity shares will be disclosed at a later date.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.