Announced Thu, 9 Jul · 21:21 IST
EGM notice on July 31 to consider FCCB fundraising up to USD 15 million
Fund Raising View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+25.4%1-day move
₹22.25
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+25.4+20.2————————
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AI summary
Cargosol Logistics will hold an EGM on 31 July 2026 at 12 noon via video conferencing to seek shareholder approval for raising funds through Foreign Currency Convertible Bonds (FCCBs) up to USD 15 million. FCCBs may be issued in one or more tranches, secured or unsecured, listed or unlisted, at a price decided by the Board that may be at a discount or premium to market price. The Board is authorised to determine terms, timing, and class of investors.
Likely market impact
FCCB issue could lead to equity dilution on conversion; size is modest and end use of proceeds is not disclosed in the notice.