Corporate Action16 Oct 2026, 09:00 pm
Samvardhana Motherson Pays Interest to CCD Holders
AI Summary
Samvardhana Motherson International Limited has completed the payment of remaining interest and fractional entitlements to holders of Compulsorily Convertible Debentures (CCDs) who opted for conversion into equity shares. This action pertains to the conversion of 1,45,010 CCDs into equity shares, which occurred on October 8, 2026. The company disbursed interest for eight days (September 30, 2026, to October 7, 2026) and any fractional entitlements arising from this conversion on October 16, 2026, in accordance with the CCD issuance terms.
Key Highlights
- Interest and fractional entitlements paid to CCD holders.
- 1,45,010 Compulsorily Convertible Debentures converted to equity.
- Payment made on October 16, 2026, for conversion on October 8, 2026.
- Action aligns with terms of CCD issuance and placement document.
Price Impact
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