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Exchange Received Time  24/10/2018 08:59:27 Exchange Disseminated Time 24/10/2018 08:59:31 Time Taken 00:00:04 | The Board in its meeting held today has considered & approved, preferential issue of compulsorily convertible debentures ('CCDs') for an aggregate amount upto INR 1539.20 Cr, to certain foreign investors as under: 1 Tamarind Capital Pte. Ltd. Upto INR 7,400,000,000/- 2 Steadview Capital Mauritius Ltd. Upto INR 6,142,000,000/- 3 ABG Capital Upto INR 1,258,000,000/- 4 DF International Partners Upto INR 592,000,000/- TOTAL Upto INR 15,392,000,000/- These CCDs will be compulsorily converted into fully paid-up Equity Shares of FV of Rs. 2/- each, at a conversion price of Rs. 550/- per Share (which is at a premium of approx. 35% on yesterday's closing market price of Rs. 408.20 at NSE), on or before 18 months from the date of their allotment and shall carry a coupon of 14.9% p.a., payable quarterly. For seeking shareholders' approval, to this CCD issuance, an EGM of shareholders' of the Company will be held on 21st Nov 2018. For details please refer attachment. |
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