Deepak Fertilisers Invests ₹4 Billion In Mahadhan AgriTech Via Rights Issue

Deepak Fertilisers said its wholly-owned subsidiary, Mahadhan AgriTech Ltd, has allotted 2.02 million shares to the parent company for ₹4 billion. The shares, with a face value of ₹10 each, were issued at a premium of ₹1,970 per share on a rights basis, the company said in an exchange filing.

Despite the related-party transaction, Deepak Fertilisers’ 100% stake in Mahadhan AgriTech remains unchanged. The investment is aimed at strengthening the subsidiary’s balance sheet. Mahadhan AgriTech is involved in manufacturing nitrogen, phosphorus, potassium, and speciality fertilisers.