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Capital Trade Links acquires control of Rhythms Industries through a Rs 99.75 crore rights issue
01-Oct-2026, 07:51
Capital Trade Links Limited has increased its stake in Rhythms Industries Private Limited through a rights issue, acquiring control of the company and making it a subsidiary. Capital Trade Links was allotted 6,65,001 equity shares at Rs 15 per share, for a total consideration of Rs 99,75,015, increasing its ownership from 16.36% to approximately 51.04% of Rhythms' post-issue paid-up equity share capital. Rhythms Industries, incorporated in May 2017, is engaged in FMCG distribution, manufacturing, and related consumer businesses, with a turnover of Rs 10,368.05 crore for the fiscal year 2025-26.