Board Meeting14 May 2026, 05:21 pm
Deccan Cements to Raise ₹660 Cr via NCDs and CCDs
AI Summary
Deccan Cements Ltd. plans to raise up to ₹660.00 Crores through Non-Convertible Debentures (NCDs) and Compulsorily Convertible Debentures (CCDs) to repay outstanding term loans and related liabilities. The board approved seeking shareholder consent via postal ballot for issuing CCDs up to ₹103.00 Crores. The NCDs will amount to ₹557.00 Crores and CCDs to ₹103.00 Crores via private placement. The meeting concluded at 17:00 (IST) on May 14, 2026.
Key Highlights
- Deccan Cements will raise up to ₹660 Cr via NCDs and CCDs.
- ₹103 Cr CCD issuance requires shareholder approval via postal ballot.
- NCDs of ₹557 Cr and CCDs of ₹103 Cr will be issued through private placement.
- CCDs are convertible to equity within 18 months at ₹715 per share.
- NCDs have a 72-month tenor with interest rates from 8% to 12%.
Price Impact
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