JHS Svendgaard Retail Ventures Limited — Important, 01-09-2025: Disclosure of material issue
JHS Svendgaard Retail Ventures (#JHSRETAIL) has made a strategic move, investing ₹8.5 Cr in 7% Optionally Convertible Debentures (OCDs) of Purple Rock Infra Pvt Ltd. Each OCD is priced at ₹10.
**Issue & Impact:** This investment is a *related party transaction*, as JHS's promoter also holds an equity stake in Purple Rock. The company states this is an "arm's length" transaction. The investment is aimed at strengthening long-term business relations and gaining a strategic foothold in the infrastructure sector. Purple Rock, incorporated in March 2024, has an authorized and paid-up capital of ₹10 Lakh. This move could potentially give JHS an equity stake in an infrastructure company in the future, diversifying its business interests.
All announcements from JHS Svendgaard Retail Ventures Limited
