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Himadri Speciality Chemical Ltd. ( (IN:HSCL) ) has issued an announcement.
Himadri Speciality Chemical Ltd. has increased its financial exposure to Sicona Battery Technologies Pty Ltd. by investing an additional AUD 3,703,000 in compulsorily convertible notes (CCNs), bringing its cumulative holding to 14,194,000 CCNs. The company has so far invested AUD 10,491,000 and plans to subscribe to the remaining 4,253,000 CCNs in agreed tranches, while clarifying that the structure of the instrument does not presently confer any extra voting rights or control in Sicona. This step underscores Himadri’s ongoing commitment to participate in the battery-technology space through convertible instruments that may translate into equity ownership in the future, signalling a continued push to deepen its foothold in high-growth energy-storage markets without immediately altering the governance structure of its investee company.
More about Himadri Speciality Chemical Ltd.
Himadri Speciality Chemical Ltd. is a chemical manufacturer operating in the speciality chemicals segment, with a strategic focus on advanced materials linked to new‑age sectors such as battery technologies. The company has been expanding its presence in the energy-storage value chain through targeted investments in innovative battery-related businesses like Sicona Battery Technologies Pty Ltd.
Average Trading Volume: 79,788
Technical Sentiment Signal: Strong Buy
Current Market Cap: 237.2B INR
See more insights into HSCL stock on TipRanks’ Stock Analysis page.