Investment20 Aug 2026, 05:30 pm
BCC Fuba India Subsidiary Allots ₹5 Cr OCDs
AI Summary
BCC Fuba India Limited has been allotted Optionally Convertible Debentures (OCDs) worth ₹5 Crores from its subsidiary, IOGEMS Technologies Private Limited. The OCDs have a face value of ₹10 each, are unsecured, and carry a 7% annual interest rate, payable annually. The tenure of the instrument is 7 years, with an allotment date of August 18, 2026. The company has the option to redeem the OCDs at face value plus outstanding interest at maturity, while OCD holders have the right to convert them into equity shares before maturity at a price determined by a valuation report. This investment complies with relevant sections of the Companies Act, 2013.
Key Highlights
- BCC Fuba India invested ₹5 Cr in its subsidiary's OCDs.
- OCDs are convertible into equity shares within 7 years.
- Interest rate is 7% per annum, payable annually.
- Redemption at face value or conversion into equity is possible.
- Investment complies with Companies Act, 2013 provisions.
Price Impact
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