Investment20 Mar 2026, 11:14 pm
Nuvoco Vistas Corporation Ltd Subsidiary, Vadraj Cement Limited, Approves Allotment of INR 300,00,00,000 Series B CCDs
AI Summary
Nuvoco Vistas Corporation Ltd announced that its wholly owned subsidiary, Vadraj Cement Limited, has approved the allotment of 30,000 unsecured unlisted, compulsorily convertible debentures (Series B CCDs) worth INR 300,00,00,000 to certain investors. The allotment was made on a private placement basis as per the terms and conditions set out in the securities subscription and debenture trustee agreement executed by and between the Company, Vadraj and Beacon Trusteeship Limited.
Key Highlights
- Nuvoco Vistas Corporation Ltd's subsidiary, Vadraj Cement Limited, approved the allotment of INR 300,00,00,000 Series B CCDs to certain investors.
- The allotment was made on a private placement basis.
- The Series B CCDs are unsecured, unlisted, and compulsorily convertible.
- The face value of each CCD is INR 1,00,000.
- The CCDs are convertible into 2,604 fully paid-up equity shares of Vadraj having a face value of INR 10 each.