Kamdhenu has received approval for acquisition of 56,000 Equity Shares of Face Value Rs 10 each at an Issue price of Rs 900 per Equity Share, for a consideration aggregating to an amount of Rs 5.04 crore by way of subscription to the Preferential Issue of M/s Maa Kudargarhi Power and Ispat, a franchisee unit of the company. The transaction is expected to be completed on or before July 31, 2025.
Post allotment of 56,000 shares by Maa Kudargarhi Power and Ispat, the shareholding of the company will increase to 9.72% from current holding of 7.79%. The Loan and Investment Committee of the Board of Directors of the company, at its meeting held on July 14, 2025, has accorded its approval for the same.
Kamdhenu is engaged in the manufacturing, marketing, branding and distribution of TMT Bars, structural steel, paints and allied products under the brand name ‘Kamdhenu’.
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