Investment19 Oct 2026, 04:16 pm
Solex Energy Subsidiary Approves ₹150 Cr CCD Issuance
AI Summary
Solex Energy Limited's wholly-owned subsidiary, Solex New Energy Private Limited, has approved the issuance of Compulsorily Convertible Debentures (CCDs) worth ₹150 Crores. These CCDs can be converted into Equity Shares of the holding company, Solex Energy Limited. The issuance will occur in one or more tranches, subject to terms, conditions, and regulatory approvals. This move allows for potential future equity dilution or capital infusion for Solex Energy Limited.
Key Highlights
- Subsidiary approved issuance of Compulsorily Convertible Debentures (CCDs).
- Total issuance value is ₹150 Crores.
- CCDs have an option to convert into Equity Shares of the holding company.
- Issuance to be done in tranches, subject to approvals.
Price Impact
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