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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 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