Loan & Debt29 May 2026, 01:43 am
Company closes USD 27 Mn FCCB issue, fully subscribed
AI Summary
The company announced the successful closure of its USD 27 million Foreign Currency Convertible Bonds (FCCBs) issue. The bonds, carrying a 1.5% coupon rate and issued at a 10% discount, were offered for subscription from May 27, 2026, and closed on May 28, 2026. The offering was fully subscribed as per the Offering Circular, allowing the company to successfully raise the targeted USD 27 million (not exceeding ₹258 crore approximately).
Key Highlights
- USD 27 million FCCB issue successfully closed.
- The offering was fully subscribed by investors.
- Bonds carry a 1.5% coupon rate.
- Issue was open for two days, May 27-28, 2026.
Price Impact
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