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Anik Industries converts OCD of ‘Revera Milk and Foods’ into equity shares

09 Feb 2017 Evaluate

Anik Industries has converted the Optionally Convertible Debentures (OCD) of ‘Revera Milk and Foods’ held by it into equity shares pursuant to which the company is now holding 93.33% of shareholding of Revera Milk and Foods. Consequently, Revera Milk and Foods has become a subsidiary of the company.

Last year in October, the company had invested Rs 140.00 crore in the mode of OCD in the proposed Hospitality cum Mixed Use Project of Revera Milk and Foods, a company registered under the Indian Companies Act.

Anik Industries is a part of the Indore based Ruchi group and is engaged in the processing of milk and milk products (78% of its total operating income in FY15) and commodity trading (22%).


Anik Industries Share Price

43.85 -0.70 (-1.57%)
20-Apr-2026 16:59 View Price Chart
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