Anik Industries Ltd has informed in a filing to the Bombay Stock Exchange that the company has invested Rs. 140.00 Crore in the mode of Optionally Convertible Debentures in the proposed Hospitality cum Mixed Use Project of 'Revera Milk and Foods Private Limited', a Company registered under the Indian Companies Act. Now, Company hereby informs that Company had opted to convert the said OCDs into equity shares of the Company and after said conversion, Company is holding 93.33% of the shareholding of Revera Milk and Foods Private Limited.
Consequently Revera Milk and Foods Private Limited has become subsidiary Company of the Company. Meanwhile, shares of the company were trading at Rs 27.05 apiece, up 0.37 per cent from the previous close at 09:28 hours on BSE.
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