Samvardhana Motherson Sets Record Date for CCD Interest Payment

Samvardhana Motherson International Limited has announced the record date for the first year's interest payment on its Compulsorily Convertible Debentures (CCDs). The company allotted 150,000 CCDs of face value ₹100,000 each on September 20, 2024. The interest rate is 6.50% per annum, payable annually. The record date for the first year's interest payment, due on September 30, 2026, has been fixed as September 11, 2026. Interest accrues from the allotment date until conversion.