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Davangere Sugar allotted 26.59 crore shares at ₹3.60 each upon conversion of $10 million FCCBs, increasing paid-up equity to 169.59 crore shares. The conversion reduces outstanding FCCB debt, but 900 FCCBs totaling $90 million remain outstanding. Context: extends the company’s recurring capital-support and dilution pattern.
Davangere Sugar Schedules Board Meeting To Consider Convertible Warrant Fundraising Proposal
Davangere Sugar Converts ₹40 Crore Promoter Loans Into 10.5 Crore Warrants
Davangere Sugar Board Approves USD 100 Million FCCB Issue at ₹3.60 Conversion Price
Davangere Sugar Fixes INR 3.60 Conversion Price For USD 100 Million FCCB