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Stock Report
S Chand And Company Limited updates on investment in iNeuron
Posted On : 2022-09-20 15:18:24( TIMEZONE : IST )
S Chand And Company Limited together with its wholly owned subsidiaries namely, Vikas Publishing House Private Limited ("Vikas") and Chhaya Prakashani Limited ("Chhaya") in iNeuron Intelligence Private Limited ("iNeuron") upto an amount of Rs. 7.50 crores (Rupees Seven Crores and Fifty Lakhs Only) in two tranches.
The Company through its wholly owned subsidiaries, Vikas and Chhaya have completed the second tranche of investment of Rs. 90.08 lacs (Rupees Ninety Lacs Eight Thousand Only) in iNeuron. Against this investment iNeuron has allotted equity shares to Vikas & Chhaya. Post this acquisition, the total investment of the Company including investment through its wholly owned subsidiaries in iNeuron is 5.79% on fully diluted basis.
