<h1>Davangere Sugar Company Limited FCCBs Admitted and Listed on AFRINEX Securities List</h1>
Davangere Sugar Company Limited has successfully completed the listing of its Foreign Currency Convertible Bonds (FCCBs) on the AFRINEX Securities List. The debt security, which was issued by the company, is now admitted under the ASL of AFRINEX Limited.
The listing marks a significant milestone for the Davangere Sugar Company as it brings to market U.S. $100 million worth of FCCBs. These bonds were initially issued on July 6, 2026, and have an interest rate set at 2%. The security is scheduled to mature in July 2031.
The details regarding the newly listed debt instrument are as follows:
| Detail | Specification |
|---|---|
| Issuer Name | Davangere Sugar Company Limited |
| Type of Issue | Foreign Currency Convertible Bond (FCCB) |
| ISIN | MU0000000388 |
| Issue Date | July 6, 2026 |
| Issue Size | U.S. $100,000,000 |
| Interest Rate | 2% |
| Maturity Date | July 9, 2031 |
The listing of the security took effect starting Thursday, July 9, 2026, allowing investors access to this debt instrument on the AFRINEX Securities List.
DAVANGERE Stock Price Movement
Davangere Sugar Company Limited saw its stock climb today, gaining 0.56% to settle at ₹3.57 in the post-market trading session. The equity traded within a tight intraday range, moving between a low of ₹3.56 and a high of ₹3.64.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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