Allotted 3.5 crore shares of subsidiary Thriveni Earthmovers for Rs. 606.76 crore; stake at 71.89%
The company has been allotted 3,50,00,000 equity shares of subsidiary Thriveni Earthmovers and Infra Pvt Ltd (TEIL) under a rights/further issue.
- Shares Allotted
- 3,50,00,000 equity shares
- Issue Price
- Rs. 173.36 per share
- Total Consideration
- Rs. 6,06,76,00,000
- Holding After Allotment
- 73,50,00,000 shares = 71.89% of TEIL's paid-up equity capital
- Subsidiary
- Thriveni Earthmovers and Infra Pvt Ltd (TEIL)
What was announced
The company informed the exchanges that, based on intimation received from Thriveni Earthmovers and Infra Private Limited (TEIL), a subsidiary, it has been allotted shares under the earlier announced subscription to a rights issue / further issue of capital.
Key terms of the allotment
- Shares allotted: 3,50,00,000 equity shares of TEIL
- Issue price: Rs. 173.36 per share
- Total consideration: Rs. 6,06,76,00,000
- Holding after subscription: 73,50,00,000 equity shares
- Stake in TEIL: 71.89% of issued and paid-up equity share capital
Context
This follows the company's earlier intimation dated 10th August, 2026 on the investment in TEIL. The detailed disclosures required under the SEBI listing rules were provided with that outcome, and the same is available on the company's website.
How investors may read it
This is an update confirming completion of an allotment already announced, rather than a fresh decision. It reflects further capital infusion into an existing subsidiary, with the resulting shareholding stated at 71.89%.
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More numbers
- Shares allotted in TEIL3,50,00,000
- Issue price per shareRs. 173.36/-
- Total considerationRs. 6,06,76,00,000
- Total holding in TEIL after allotment73,50,00,000
- Stake in TEIL71.89%
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