Mohini Health & Hygiene Limited Incorporates Subsidiary for Acquisition in Resolution Plan
Mohini Health & Hygiene Limited has completed the incorporation of a new subsidiary, Dhananya Capital Private Limited. This move facilitates the acquisition of Winsome Yarns Limited, which is a corporate debtor for which a Resolution Plan has been approved by the Honourable NCLT under the Insolvency and Bankruptcy Code, 2016.The acquisition involves the subsidiary subscribing to equity shares in the target entity.
Mohini Health & Hygiene Limited acquired a 51% stake in the target entity through a cash consideration payment. The transaction is focused on the acquisition of a company under Corporate Insolvency Resolution Process (CIRP) and involves manufacturing, processing, and trading in textiles and related products.
| Detail | Description |
|---|---|
| Subsidiary Name | Dhananya Capital Private Limited |
| Investment Cost | INR 1,27,50,000 |
| Stake Acquired | 51% |
| Form of Consideration | 51% subscription to the equity share capital in cash |
| Industry Focus | Acquisition under CIRP and Manufacture, Process, and Trade in Textiles and Related Products |
Dhananya Capital Private Limited is confirmed to be a subsidiary of Mohini Health & Hygiene Limited, categorizing it as a related party to the Company. The object of the acquisition is to acquire the company under CIRP, alongside further objectives including holding and subsidiary status, investment in securities, and trading in textiles and related products.
The target company, incorporated on May 20, 2026, is focused on the acquisition of the corporate debtor and related textile processes. The cost of the acquisition or the price at which the shares were acquired is noted as INR 1,27,50,000.
MHHL Stock Price Movement
Mohini Health & Hygiene Limited shares today slipped by 2.50% to settle at ₹39, dropping ₹1.00 from its previous close. The stock saw a total traded volume of 1,500 shares during the session.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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