BCC Fuba India Ltd Allots Optionally Convertible Debentures Worth INR 8 Crores
BCC Fuba India Limited has successfully allotted Optionally Convertible Debentures (OCDs) amounting to INR 8,00,00,000/- (Rupees Eight Crores Only). The investment, made through a private placement basis, concerns securities issued by Iogems Technologies Private Limited, a subsidiary company of BCC Fuba India Limited.The OCDs have a face value of INR 10/- each, and the allotment was executed at an issue price of INR 10/- per OCD.
According to the details of the debentures, the instrument is classified as 7% Optionally Convertible, unsecured Debentures that are convertible into equity shares. The total size of the issue is INR 8,00,00,000, covering 7% optionally convertible, unsecured debentures with a face value of Rs. 10 /- each, at par.
The debentures have a tenure of seven years, with the allotment date noted as April 10, 2026.
Key financial terms governing the OCDs include an annual interest rate of 7% per annum, which is payable annually.
Key Details of the Optionally Convertible Debentures
A review of the investment details reveals the following parameters for the issued debentures:| Parameter | Detail |
|---|---|
| Security Type | 7% Optionally Convertible, unsecured Debentures (OCDs) |
| Issuer | Iogems Technologies Private Limited (Subsidiary) |
| Issue Amount | INR 8,00,00,000/- (Rupees Eight Crores Only) |
| Issue Price | INR 10/- per OCD |
| Face Value | INR 10/- each |
| Tenure | 7 years |
| Interest Rate | 7% per annum (Annual payment) |
Under the terms of the debentures, the Company is required to redeem the OCDs at Face Value either on the maturity date or through fresh issue of shares and debentures, along with any outstanding interest.
A significant feature of the investment is the conversion right attached to the OCDs. OCD Holders retain the right to exercise conversion into equity shares of the Company at any time before the Maturity Date. The value of the equity shares issued upon conversion will be determined based on a valuation report issued by a registered valuer in compliance with the Companies Act, 2013.
Stock Price Movement
BCC Fuba India Ltd closed the day on Monday at ₹130.85, settling down 2.06% for the session. Throughout trading, the shares exhibited significant movement, swinging between an intraday low of ₹121.05 and a high of ₹131.50.Source:
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