Mahadhan AgriTech's Strategic Share Allocation Boost
Mahadhan AgriTech Ltd, a subsidiary of Deepak Fertilisers and Petrochemicals Corporation Ltd, has issued shares worth Rs 399.99 crore to its parent company. The allocation, executed on a rights basis, priced each share at Rs 10 with a premium of Rs 1,970, credited on May 7.
- Country:
- India
In a significant strategic move, Mahadhan AgriTech Ltd, the subsidiary of Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL), has allocated shares valued at Rs 399.99 crore to its parent company through a rights-based issuance.
According to a regulatory filing, the issuance consisted of 20.02 lakh equity shares, each priced at Rs 10 with an additional premium of Rs 1,970 per share. This financial maneuver underscores DFPCL's commitment to reinforcing its investment in the agricultural technology sector.
The newly issued shares have been credited to DFPCL's demat account as of May 7, marking a key development in the company's financial and strategic roadmap.
(With inputs from agencies.)
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