Deepak Phenolics Limited invested ₹150 crore in Deepak Chem Tech Limited via 1.5 crore 9% optionally convertible preference shares.
The investment strengthens the capital base of DCTL, a wholly-owned subsidiary, for project expenses and general corporate purposes.
The transaction is classified as a related party transaction but was conducted on an arms-length basis at par value.
Post-allotment, Deepak Nitrite Limited and its subsidiaries continue to hold 100% of both equity and preference share capital in DCTL.