Himadri Speciality Chemical Further Invests In Sicona Battery Technologies Through CCN Subscription
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Himadri Speciality Chemical invested an additional AUD 25.59 lakh in Sicona Battery Technologies through compulsorily convertible notes, taking its cumulative holding to 1,67,53,000 CCNs in the Australian battery materials technology company.
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The Indian equity markets ended lower on Tuesday, with the benchmark Nifty 50 index declining 0.14 per cent to 23,618.00. Despite weakness in the broader market, select speciality chemical and battery materials stocks witnessed buying interest amid continued focus on electric vehicle and battery technology investments. In this segment, Himadri Speciality Chemical ended 2.22 per cent higher at Rs 563.75 after the company announced a further investment in Sicona Battery Technologies Pty Ltd.
Himadri Further Invests In Sicona Battery Technologies
Himadri Speciality Chemical informed exchanges that the company further invested AUD 25,59,000 in cash towards subscription of 25,59,000 compulsorily convertible notes (CCNs) of face value AUD 1 each in Sicona Battery Technologies Pty Ltd.
The company stated that it had earlier invested AUD 1,41,94,000 towards subscription of 1,41,94,000 CCNs in Sicona. Following the latest investment, Himadri now cumulatively holds 1,67,53,000 CCNs in the Australian battery materials technology company.
According to the filing, investment in the balance 16,94,000 CCNs will be made in agreed tranches.
Investment Structure
The company clarified that since the investment is being made through compulsorily convertible notes, Himadri has not acquired any additional voting rights or control in Sicona at present. The CCNs will be convertible into shares of Sicona as per agreed terms.
The company also stated that details regarding the investment had earlier been disclosed through its previous exchange filing dated May 13, 2025 and there were no further changes except the latest tranche investment update.
About Himadri Speciality Chemical
Himadri Speciality Chemical Ltd is engaged in manufacturing speciality chemicals, battery materials and carbon products catering to sectors including lithium-ion batteries, tyres, aluminium, graphite and industrial applications.
The company operates across coal tar distillation, advanced carbon materials, speciality chemicals and clean energy-related product segments with presence in domestic and international markets.
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Disclaimer: This article is for informational purposes only and not investment advice.