Corporate Action31 Jul 2026, 04:41 pm
Emami Paper Mills Redeems OCRPS Worth ₹7.5 Cr
AI Summary
Emami Paper Mills Limited has announced the redemption of its 7,50,000 unlisted Series II - Tranche IV Optionally Convertible Redeemable Preference Shares (OCRPS). The redemption, which occurred on July 31, 2026, involved shares with a face value of ₹100 each and a redemption premium of ₹500 each, totaling an aggregate redemption value of ₹7.5 crore. The company stated that the redemption was funded from its available profits, reserves, and retained earnings, in accordance with the terms of the issue. The ISIN for these OCRPS is INE830C04053.
Key Highlights
- Emami Paper Mills redeemed 7,50,000 OCRPS.
- Redemption value includes face value and ₹500 premium per share.
- Funding for redemption is from company profits and reserves.
- The redemption is in line with the issue's terms.
Price Impact
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