Announcement under Reg 30-OCD Allotted by Subsidiary
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BCC Fuba India Ltd's subsidiary, Iogems Technologies Private Limited, has allotted 7% Optionally Convertible Debentures (OCDs) aggregating to INR 8 Crores (80 lakh units at INR 10 face value each). The OCDs have a tenure of 7 years (allotted 10th April 2026) with 7% annual interest payable yearly. OCD holders have the right to convert their debentures into equity shares at any time before maturity, with the conversion price determined based on a valuation report from a registered valuer. The issuance was made on a private placement basis in compliance with the Companies Act, 2013.
This is an internal capital flow within the group — the parent company has invested INR 8 Crores into its subsidiary via convertible debt. It signals capital deployment but does not directly dilute parent company shareholders. The 7% coupon adds a small income stream.