General Disclosure pertaining execution of Optionally Convertible Debentures Subscription Agreement entered between M/s. Farewell Real Estate Private Limited - Subsidiary Company of the ....
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B-Right Realestate Limited has informed BSE that its subsidiary, Farewell Real Estate Private Limited, has executed an Optionally Convertible Debentures (OCD) Subscription Agreement with Yogi Limited. The deal involves 5,000 OCDs at a face value of Rs. 1,00,000 each, aggregating to Rs. 50 crore, to be issued in one or more tranches. This is a follow-up to an earlier disclosure made on 19th February 2025. The OCDs are optionally convertible, meaning the investor (Yogi Limited) can choose to convert them into equity of the subsidiary at a later stage.
The Rs. 50 crore fundraise is happening at the subsidiary level, which will strengthen the subsidiary's capital base for its real estate operations. If Yogi Limited opts to convert the debentures, B-Right Realestate's effective ownership stake in Farewell Real Estate may get diluted.