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| Exchange Disseminated Time 08/02/2017 19:47:34 | Anik Industries Ltd has informed BSE that the Company 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 inform 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 shareholding of Revera Milk and Foods Private Limited. Consequently Revera Milk and Foods Private Limited has become subsidiary Company of the Company. |
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