Clean Science Invests ₹330 Million In Subsidiary Clean Fino-Chem

Clean Science and Technology Ltd has invested ₹330 million in its wholly-owned subsidiary Clean Fino-Chem Ltd to support ongoing projects, the company said in an exchange filing.

The investment was made through a rights issue, with Clean Science subscribing to 551,840 shares of Clean Fino-Chem at ₹598 each — comprising a face value of ₹10 and a premium of ₹588 per share.

Clean Fino-Chem, which produces and sells speciality chemicals, reported a turnover of ₹467.7 million for the 2023-2024 financial year.