Dalmia Bharat Sugar and Industries500097Demerger announcement
Dalmia Bharat Sugar to demerge Hippostores Technology into itself; invest up to USD 22.70 million in UAE subsidiary
By ScoutQuest · · 1 min read
- Consideration
- fully paid-up Redeemable Preference Shares of DBSIL of face value Rs. 10 each
- Overseas Investment
- investment of up to USD 22.70 million in WOS Dalmia Bharat Global Holdings Ltd, UAE
- Demerger Basis
- Demerger, transfer and vesting of the Demerged Undertaking of HTPL into DBSIL on a going concern basis
- Target
- Hippostores Technology Private Limited (Demerged Company)
- Transaction
- Acquisition via scheme of demerger; investment in wholly owned subsidiary
Dalmia Bharat Sugar to demerge Hippostores Technology into itself; invest up to USD 22.70 million in UAE subsidiary.
Board meeting
Appointed date under the Scheme
Also from Dalmia Bharat Sugar and Industries
Q2 FY27 results: Revenue Rs. 1061 Cr, EBITDA Rs. 144 Cr, PAT Rs. 71 Cr; board approves Hippostores scheme
3 Nov 2026
Board approves demerger of Hippostores Technology into company; preference shares to be issued
3 Nov 2026
Board approves September quarter results, Hippostores demerger scheme and USD 22.70 Million UAE investment
3 Nov 2026
More numbers
- Investment in Dalmia Bharat Global Holdings LtdUSD 22.70 Million
- Face value of Redeemable Preference SharesRs. 10
Source: BSE · 3 Nov 2026
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