Acquisition

PI Industries Limited has converted Optionally Fully Convertible Debentures (OFCDs) worth Rs. 10,000 million held in its wholly-owned subsidiary, PI Health Sciences Limited (PIHS), into 72,46,37,687 equity shares at Rs. 13.80 per share. This internal capital restructuring does not involve cash or change PIIL's 100% ownership of PIHS. The conversion, identified as an arm's length related party transaction, aims to strengthen the consolidated balance sheet and support the CRDMO subsidiary's operations.