Himadri Speciality Chemical Invests First Tranche in Sicona Battery Technologies

Company deploys AUD 41.71 million as part of larger AUD 150 million investment plan.

Shruti ShiraguppiBy Shruti Shiraguppi calendar 18 May 2025 Views icon7050 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Himadri Speciality Chemical Invests First Tranche in Sicona Battery Technologies

Himadri Speciality Chemical Ltd (BSE: 500184, NSE: HSCL) has invested AUD 41.71 million (approximately USD 31.28 million) in Sicona Battery Technologies Pty Ltd as the first tranche of a larger investment commitment, the company announced on Saturday, May 17, 2025.

This investment represents the initial portion of Himadri's previously approved AUD 150 million investment plan in Sicona through the subscription of 150 million Compulsorily Convertible Notes (CCNs), which was announced on May 13, 2025.

The current investment of AUD 41.71 million was made in cash toward the subscription of 41.71 million CCNs with a face value of AUD 1.00 each. According to the company's statement, the full investment will be deployed in "agreed tranches over a period of 18 months."

The investment aligns with Himadri's strategic plans announced earlier this month. The company had previously provided detailed information about this investment to the stock exchanges in accordance with SEBI regulatory requirements.

Himadri Speciality Chemical Ltd is listed on both the BSE (500184) and National Stock Exchange of India (HSCL). The company made this announcement as part of its regulatory disclosure obligations under Regulation 30 of SEBI Listing Obligations & Disclosure Requirements.

RELATED ARTICLES
Matter Motors to Raise US$200 Million in 3 Years; Eyes Public Listing in 3-4 years

auther Kiran Murali calendar22 Jun 2025

The electric motorcycle startup plans to launch at least three new models over the next three years, while it will start...

Sharda Motor to Begin Commercial Production at New Chakan Plant from June 23

auther Sarthak Mahajan calendar21 Jun 2025

Sharda Motor Industries Limited has secured the Factory License for its new manufacturing facility in Chakan, Maharashtr...

India Must Tackle Evaporative Emission as BS7 Norms Near, Says Expert

auther Darshan Nakhwa calendar21 Jun 2025

As temperatures soar and E20 fuels rise, experts call for urgent reform in India’s evaporative emission standards.