Intimation under Regulation 30 about investment upto Rs.14.50 crores (USD 2.1 million) by way of acquisition of 21,00,000 equity shares of USD 1 each of SUN Mobility Investor Ltd.(Jersey)
https://www.bseindia.com/xml-data/corpfiling/AttachHis/9942e6e3-ef09-4c96-ac6c-3ac533796c69.pdf
Khemka group has indirect control and ownership.
Investment is being done at book value of USD 1 per share.
Although the total investment is only 14.5 cr as of now. Will this be a good diversification or diworsification ?
Disclosure – No Holdings. Not a recommendation.
surely a question , how does it corelate to it’s existing business