SOLEX : SUBSIDIARY BOARD OKAYS RS 150 CR CCD ISSUE CONVERTIBLE INTO PARENT EQUITY

• Board of Solex New Energy Private Limited (wholly owned subsidiary) approved CCD issuance aggregating ₹150 Cr in one or more tranches • CCDs carry an option to convert into equity shares of Solex Energy Limited (swap shares) • Investor conversion into holding company equity is subject to requisite board approval of Solex Energy and compliance with applicable laws • Issuance subject to terms and conditions specified and completion of applicable statutory and regulatory formalities

Solex Energy Limited

Open attachment

← Back to feed