ALSTONE TEXTILES : ALLOTS RS 300 CR 2% NCPS VIA LOAN CONVERSION

• Board approved allotment of 300,00,00,000 2% Non-Convertible Preference Shares of ₹1 each at par, aggregating ₹300 Cr • Allotted on private placement basis to Golkonda Aluminium Extrusions Limited by converting existing unsecured loan of ₹300 Cr • Issued out of authorised preference capital of ₹500 Cr; post-allotment paid-up preference capital at ₹300 Cr • Tenure 10 years from allotment, redeemable at par; coupon 2% per annum, non-cumulative • Securities are non-convertible; single allottee Impact: Neutral (₹300 Cr unsecured loan replaced by long-tenure preference capital, but no fresh cash inflow and 2% coupon applies)

Alstone Textiles (India) Ltd

Open attachment

← Back to feed