Company deploys AUD 41.71 million as part of larger AUD 150 million investment plan.
18 May 2025 | 1641 Views | By Shruti Shiraguppi
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 ...
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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.