Thinkink Picturez Board Approves USD 700 Million FCCB Issue

Board approved private placement of optionally convertible FCCBs up to USD 700 million, subject to shareholder and regulatory approvals. Also proposed raising borrowing limits to Rs 10,000 Cr and loans, guarantees, securities or investments up to Rs 1,000 Cr under shareholder approval. FCCB conversion terms, pricing, maturity, coupon, listing and potential equity dilution remain undisclosed; substantial financing flexibility adds execution and leverage uncertainty.