Announced Thu, 9 Jul · 18:07 IST
Davangere Sugar lists USD 100M FCCBs on Mauritius Afrinex Exchange
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DAVANGERE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.2%1-day move
₹3.58
prior close
₹3.60
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.3+0.0+0.0-0.3-2.2-3.1-2.2-2.5-2.2-5.3————
Up moveDown movePending
AI summary
Davangere Sugar Company has listed its USD 100 million, 2 percent coupon Foreign Currency Convertible Bonds (FCCBs) on the Afrinex Stock Exchange in Mauritius. The FCCBs were allotted on 6 July 2026 and mature in July 2031. Listing was confirmed via Afrinex circular dated 9 July 2026. This opens the instrument to offshore investors alongside its existing Indian listing disclosures.
Likely market impact
Expands investor base overseas and signals active offshore fundraising; may dilute equity if converted, but low 2 percent coupon eases near term debt cost.