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Board Meeting1 Sept 2026, 06:50 pm

Thinkink Picturez Ltd to Raise up to $700 Million via FCCBs

AI Summary

Thinkink Picturez Ltd's Board of Directors has approved raising funds up to USD 700 Million through Foreign Currency Convertible Bonds (FCCBs) via private placement. The board also approved increasing the borrowing limit to ₹10,000 Crores and proposed to give loans, guarantees, or make investments up to ₹1000 Crores. These proposals are subject to shareholder and regulatory approvals. Additionally, the company announced its 18th Annual General Meeting on September 29, 2026, and approved the appointment of a Secretarial Auditor and Scrutinizer.

Key Highlights

  • Company plans to raise up to $700 Million via FCCB issuance.
  • Borrowing limits to be increased to ₹10,000 Crores.
  • Board approved loans/investments up to ₹1000 Crores.
  • 18th AGM scheduled for September 29, 2026.
  • Shareholder and regulatory approvals are pending.