Thinkink Picturez to raise $700M via FCCBs, increase borrowing limits

Thinkink Picturez Ltd's Board of Directors approved raising funds up to USD 700 Million through Foreign Currency Convertible Bonds (FCCBs) via private placement, subject to shareholder and regulatory approvals. The Board also sanctioned an increase in the company's borrowing limits to ₹10,000 Crores and the limit for giving loans, guarantees, or making investments to ₹1,000 Crores, both requiring shareholder approval. An FCCB Committee has been constituted to manage the issuance process. An Extra-Ordinary General Meeting (EGM) is scheduled for May 8, 2026, to seek shareholder approval for these significant proposals. The FCCBs will be optionally convertible into equity shares.