Loan & Debt22 May 2026, 07:31 am
Shriram Pistons & Rings: NCD Proceeds Fully Utilized as of Mar 31, 2026
AI Summary
Shriram Pistons & Rings Ltd (now SPR Auto Technologies Limited) confirms full utilization of ₹1000 crore NCD issue proceeds (Series I & II) as of March 31, 2026, in compliance with the objects stated in the Key Information Document dated February 17, 2026. There were no deviations or variations in the use of proceeds. The funds were used to refinance existing debt for acquiring Grupo Antolin's Indian entities and for general corporate purposes. NCDs are listed on NSE.
Key Highlights
- ₹1000 Cr NCD proceeds fully utilized by March 31, 2026, as per offer document.
- No deviation in the use of NCD issue proceeds.
- Funds used for refinancing debt related to Grupo Antolin acquisition.
- NCDs (Series I & II) are listed on NSE.
Price Impact
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