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Himadri Speciality Chemical Ltd. ( (IN:HSCL) ) has provided an announcement.
Himadri Speciality Chemical Ltd. has converted its 30,00,000 Secured Optionally Convertible Debentures into equity shares of Birla Tyres Limited, resulting in Himadri holding 99.67% of BTL’s equity shares, making BTL a subsidiary. This strategic move aligns with a resolution plan approved by the NCLT, potentially strengthening Himadri’s market position by expanding its influence into the tyre industry.
More about Himadri Speciality Chemical Ltd.
Himadri Speciality Chemical Ltd. operates in the chemical industry, focusing on the production of specialty chemicals. The company is involved in manufacturing a range of chemical products that cater to various industrial applications.
YTD Price Performance: -27.02%
Average Trading Volume: 79,049
Current Market Cap: 209.3B INR
Find detailed analytics on HSCL stock on TipRanks’ Stock Analysis page.