221 (` cr) Note 6.1 Investments accounted for using the equity method Place of business % of ownership interest As at March 31, 2023 As at March 31, 2022 Investment in equity instruments (fully paid-up) Unquoted investment in associate company Valsad Institute of Medical Sciences Ltd India 50% 22.50 - Add: Group share of loss for the year (0.11) - 22.39 - Unquoted investment in joint venture company Rudolf Atul Chemicals Ltd India 50% 28.11 24.32 Add: Group share of profit for the year 3.94 8.17 Less: Dividend received (11.68) (4.38) 20.37 28.11 Total equity accounted investments 42.76 28.11 (` cr) Note 6.2 Other investments Face value1 As at March 31, 2023 As at March 31, 2022 Number of shares Amount Number of shares Amount a) Investment in equity instruments (fully paid up) Equity instruments measured at FVTOCI Quoted Aarti Industries Ltd 5 1,000 0.05 1,000 0.10 Aarti Pharmalabs Ltd 5 250 0.01 - - Andhra Papers Ltd 10 - - 5,000 0.14 Antony West Handling Cell Ltd 5 3,000 0.07 - - Apollo Sindoori Hotels Ltd 5 500 0.05 2,000 0.17 Arvind Fashions Ltd 4 15,96,105 44.64 13,87,918 45.31 Arvind Ltd 10 41,27,471 35.08 41,27,471 47.65 Arvind SmartSpaces Ltd 10 4,12,747 11.66 4,12,747 8.46 Aurobindo Pharma Ltd 1 500 0.03 500 0.03 Avenue Supermarket Ltd 10 50 0.02 50 0.02 Axis Bank Ltd 10 2,729 0.17 7,509 0.57 Bajaj Finance Ltd 10 233 0.13 312 0.23 BAYER Cropscience Ltd 10 12 0.01 12 0.01 BASF India Ltd 10 2,61,396 59.48 2,61,396 80.85 Camlin Fine Sciences Ltd 10 1,500 0.02 1,500 0.02 Central Depository Services India Ltd 10 3,273 0.30 4,507 0.67 Cummins India Ltd 2 191 0.03 191 0.02 Glenmark Life Sciences Ltd 2 10,000 0.39 - - HDFC Bank Ltd 10 2,384 0.38 2,073 0.30 Housing Development Finance Corporation Ltd 10 2,809 0.74 2,500 0.60 ICICI Bank Ltd 2 1,09,026 9.56 1,09,026 7.96 ICICI Lombard General Insurance co. Ltd 10 1,319 0.14 - - ICICI Securities Ltd 5 5,000 0.21 - - ICRA Ltd 10 421 0.19 421 0.18 IDFC First Bank Ltd 10 15,729 0.09 15,729 0.06
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