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)
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.
One thought on “Indag Rubber–Buys a Group Company – Electric Vehicles Ancillary–Sun Mobility–Diversification or Diworsification?”
surely a question , how does it corelate to it’s existing business