Shree Hari Chemicals Export Ltd. Invests in Subsidiary Shakambhari Dyechem
Shree Hari Chemicals Export Ltd. announced an investment of 49,49,99,990 Indian rupees (approximately $593,750) in its wholly-owned subsidiary, Shakambhari Dyechem Private Limited (SDPL). The investment was made through a subscription to a rights issue of SDPL equity shares.As a result of the transaction, Shree Hari Chemicals Export Ltd. received an allotment of 49,49,999 fully paid-up equity shares, with a face value of 10 rupees each, on March 23, 2026. The investment is intended to fund SDPL’s capital expenditure requirements for a proposed expansion.
Following the acquisition, Shree Hari Chemicals Export Ltd.'s shareholding in SDPL increased from 50,50,000 to 99,99,999 fully paid-up equity shares. SDPL will continue to operate as a wholly owned subsidiary. SDPL is engaged in the chemical business, manufacturing dyes and dye intermediaries. The company was incorporated on April 24, 2024, and is based in India.
Table: Details of the Acquisition
| Detail | Information |
|---|---|
| Target Entity | Shakambhari Dyechem Private Limited (Wholly Owned Subsidiary) |
| Industry | Chemical business |
| Acquisition Impact | Funding capital expenditure for expansion |
| Acquisition Completion Date | March 23, 2026 |
| Consideration | Cash |
| Cost of Acquisition | 49,49,99,990 rupees (49,49,999 shares x 10 rupees each) |
| Shareholding Change | Increased from 50,50,000 to 99,99,999 shares |
| Entity Background | Manufactures dyes and dye intermediates; incorporated April 24, 2024; based in India |
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