At meeting held on 18 January 2021The Board of Indiamart Intermesh at its meeting held on 18 January 2021 approved raising of funds through issuance of equity shares or other securities convertible into or exchangeable into Equity Shares or non-convertible debt instruments along with warrants or any combination thereof by way of Preferential Allotment, issuance of American Depository Receipts (ADRs), Global Depository Receipts (GDRs) or Foreign Currency Convertible Bonds (FCCBs), Qualified Institutional Placements (QIPs) or through any other permissible mode or any combination thereof, for an aggregate amount not exceeding Rs. 1100 crore.
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Read more about IndiaMART firms up on fund raising plan on Business Standard. IndiaMART InterMESH gained 1.05% to Rs 8074.75 after the company said that its board will meet on 18 January 2020 to consider raising funds.
Jaiprakash Power Ventures Limited allots shares on conversion of FCCBs
Posted On: 2020-12-28 00:42:52 (Time Zone: Arizona, USA)
Pursuant to the Second Supplementary Trust Deed dated 13th December, 2019, all the outstanding Foreign Currency Convertible Bonds (FCCB) aggregating to US $ 101,421,203 were mandatorily converted into equity shares of the Company. Accordingly, FCCBs representing US$ 83,358,594 (equivalent to INR 591,21,41,600 @ 1 US$ = INR 70.9242) were converted into 49,26,78,462 equity shares of Rs.10/- each at a conversion price of Rs.12/- per share upon mandatory conversion of FCCBs into equity shares from whom the Company received conversion notices as on Mandatory Conversion Record Date of 16th January, 2020.
All bonds were marked down on Completion date i.e. 11th February, 2020. As per Clause 6.7.10 of Second Supplementary Trust Deed, a Deed of Covenant was executed on 7th February, 2020 giving limited right to the Residual Bond Holders. The Residual Bond Ho