Deccan Cements Limited announced the outcome of its postal ballot, wherein a special resolution for the issuance of up to 14,40,559 Compulsorily Convertible Debentures (CCDs) aggregating ₹103 Cr was passed by shareholders. The funds raised will be utilized for repayment of term loans from State Bank of India. The CCDs are convertible into equity shares within 18 months at a conversion price of ₹715 per share. The resolution passed with 99.9977% votes in favour. 📈
📊 DECCAN CEMENTS LTD | 🏷️ Postal Ballot
🌐 Details:
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