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Board approved issuance of USD 100 Mn unsecured FCCBs (1,000 bonds at $100k each) with 2% p.a. coupon, issued at 15% discount (issue price $85 Mn), maturing July 2031. Conversion price at INR 3.60 per share, translating to ~264.6 Cr underlying equity shares on full conversion. Listing on Afrinex Stock Exchange, Mauritius.
Davangere Sugar Allots 26.59 Crore Shares After USD 10 Million FCCB Conversion
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