24-Jun-2026 18:26:40

DAVANGERE SUGAR COMPANY LIMITED : IN-PRINCIPLE APPROVAL FOR FCCBS AND OPENING OF 100% SUBSIDIARY

• In-principle approval received from BSE Limited and NSE Limited for issuance of Foreign Currency Convertible Bonds (FCCBs) for an aggregate amount not exceeding USD 100 Million. • The company has successfully incorporated and opened its 100% wholly-owned subsidiary in London, United Kingdom, under the name AUREVANT GLOBAL LIMITED. • The subsidiary's initial consideration was 1000 GBP, with shares subscribed at 1000 GBP. • The subsidiary is in the sugar cane products and sugar by-products industry. • The purpose of the FCCBs is for acquisition of an integrated sugar mill/ ethanol distillery or strategic stake, procurement of capital equipment, and strategic partnership.

Davangere Sugar Company Limited

← Back to feed