Chemiesynth Vapi Allots ₹10 Cr Unlisted NCRPS

Chemiesynth Vapi Limited's Board of Directors has approved the allotment of 1,00,00,000 Unlisted Non-Convertible Redeemable Preference Shares (NCRPS) under the First Tranche on a private placement basis. The total issue size amounts to ₹10,00,00,000 (₹10 Crore). These NCRPS have a face value of ₹10 each and are issued at par. The maturity date is set for 28-10-2033, with a cumulative dividend of 5% per annum. The shares are unsecured and unlisted, carrying preferential rights over equity shares in dividend payment and capital repayment.