New Delhi, May 21 -- Shares of Himadri Speciality Chemical ended Thursday's trade with a nearly 2% gain at Rs.590 apiece, even as the broader market remained under pressure. The gains came after the company announced a further investment in Australia-based Sicona Battery Technologies through the subscription of Compulsorily Convertible Notes (CCNs).

The company said it has invested an additional AUD 25.59 lakh in cash towards the subscription of 25.59 lakh CCNs with a face value of AUD 1 each.

Earlier, Himadri had invested AUD 1.41 crore towards the subscription of 1.41 crore CCNs in Sicona. Following the latest tranche, the company's cumulative holding in Sicona has increased to 1.67 crore CCNs, as per the company's filing.

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