Latest news with #OptionallyConvertibleDebentures
The Print
18-07-2025
- Business
- The Print
Emami tightens hold on pet care associate Cannis Lupus
According to a regulatory filing with stock exchanges on Thursday, Emami will convert existing inter-corporate loans of around Rs 8.23 crore into OCDs and infuse an additional Rs 4 crore through fresh subscription to these instruments. The Kolkata-headquartered company has executed an agreement to subscribe to Optionally Convertible Debentures (OCDs) issued by Cannis Lupus, which operates in the pet care segment under the brand 'Fur Ball Story'. Kolkata, Jul 17 (PTI) FMCG major Emami Ltd on Thursday said it will convert loans and make fresh investments in its associate company, Cannis Lupus Services, as part of its long-term growth strategy. The investment, the company said, aligns with its strategic focus on expanding into complementary wellness and lifestyle categories, though Cannis Lupus operates outside Emami's core FMCG business. Cannis Lupus, incorporated in 2019 and based in Gurugram, offers ayurvedic and herbal remedies for pets and is developing a portfolio of medicinal foods, supplements, and other pet care products. Its turnover stood at Rs 510 lakh in FY25, down from Rs 666 lakh in FY24. Emami has been gradually diversifying its portfolio in recent years through investments in wellness and healthcare adjacencies, including brands such as The Man Company, Brillare Science, and TruNativ. Shares of Emami closed at Rs 587.50 apiece on the NSE, up by 1.40 points or 0.24 per cent on Thursday. PTI BSM SBN SBN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Business Standard
30-06-2025
- Business
- Business Standard
Board of Bajaj Hindusthan Sugar approves participation in Lalitpur Power Generation Company's buyback offer
At meeting held on 30 June 2025 The Board of Bajaj Hindusthan Sugar at its meeting held on 30 June 2025 has approved tendering of equity shares (actual entitlement and additional shares) under the Buyback offer received from one of the group company - Lalitpur Power Generation Company for an amount upto Rs. 630.80 crore. The proceeds to be received from the said transaction will be utilised by the Company towards payment of its Outstanding dues of Optionally Convertible Debentures (first instalment for redemption of principal amount of Optionally Convertible Debentures (OCDs), YTM and coupon interest due on 31 March 2025) to the lenders.
