Saboo Sodium Chloro Ltd. Approves Investment in Subsidiary’s Rights Issue
Saboo Sodium Chloro Limited announced on Wednesday, March 25, 2026, that its Board of Directors approved a subscription to the rights issue of its wholly-owned subsidiary, Samskara Resorts Private Limited.The company intends to subscribe to 100% of its entitlement in the rights issue, with a potential investment of up to ₹3,80,00,000 (Rupees Three Crores Eighty Lakhs only). The terms and conditions of the rights issue will be as offered by Samskara Resorts Private Limited.
According to details released, the investment is intended to support the business operations of the subsidiary.
Rights Issue Details
| Particulars | Details |
|---|---|
| Name of the target entity | Samskara Resorts Private Limited |
| Nature of transaction | Subscription to equity shares under Rights Issue |
| Total consideration | Up to ₹3,80,00,000 (Rupees Three Crores Eighty Lakhs only) |
| Mode of consideration | Cash |
| Percentage of shareholding (before and after) | 100% (no change post subscription) |
| Purpose of investment | To meet business operations of the subsidiary |
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