Shalimar Paints Approves ₹1,000 Crore QIP And Hella Infra Share-Swap Plan

Board proposed investing in Hella Infra Market via a share/CCPS swap, potentially making it an unlisted material subsidiary, alongside 41.7 crore equity shares, 81.1 crore CCPS and up to ₹1,000 crore QIP, subject to approvals. Q1 consolidated loss widened to ₹21.26 crore. Context: formalizes the earlier strategic option set.