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Hind Rectifiers Invests Rs 90 Lakh in Subsidiary
11 Feb
Summary
- Hind Rectifiers board approved a Rs 90 lakh investment.
- The investment is in subsidiary Coincade Studio's equity.
- Coincade's paid-up equity will rise to Rs 1 crore.
On 11 February 2026, the board of Hind Rectifiers made a key decision to invest Rs 90 lakh in its subsidiary, Coincade Studio. This investment will be executed through subscription to equity shares, potentially in multiple stages.
Following this financial commitment, Coincade Studio's paid-up equity share capital will see a substantial increase. It is projected to grow from its current Rs 10 lakh to Rs 1 crore, marking a significant expansion for the subsidiary.
This strategic allocation of capital by Hind Rectifiers signals a strong endorsement of Coincade Studio's potential and future growth prospects. The investment is expected to bolster the subsidiary's operational capacity and market position.
