Himadri Speciality Chemical Ltd (BSE: 500184, NSE: HSCL) has completed the first tranche of its strategic investment in Sicona Battery Technologies Pty Ltd, investing AUD 41.71 million (approximately USD 31.28 million), the company announced on Saturday, May 17, 2025.
This marks the initial phase of Himadri’s previously approved AUD 150 million investment commitment, as disclosed on May 13, 2025. The current investment was made in cash for the subscription of 41.71 million Compulsorily Convertible Notes (CCNs), each with a face value of AUD 1.00. The remaining investment will be deployed in additional tranches over the next 18 months, as per the agreement.
This move is in line with Himadri’s strategic roadmap and was disclosed to stock exchanges earlier in compliance with SEBI’s regulatory requirements. Himadri is listed on both the Bombay Stock Exchange (BSE: 500184) and the National Stock Exchange of India (NSE: HSCL), and the investment disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations.
, each with a face value of AUD 1.00. The remaining investment will be deployed in additional tranches over the next 18 months, as per the agreement.){kind=link}