Announced Wed, 8 Jul · 19:13 IST
FCCB issue of USD 100M fully subscribed at 15% discount
Fund Raising View source PDF
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
-2.0%1-day move
₹3.57
prior close
₹3.56
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.6+0.0—-2.0-2.0-2.8-2.0-2.2-5.3————
Up moveDown movePending
AI summary
Davangere Sugar Company closed its USD 100 Million (about INR 952.40 crore) FCCB issue on 8 July 2026, fully subscribed. The issue comprised 1,000 unsecured Foreign Currency Convertible Bonds at a 2% coupon rate, issued at 15% discount to issue price, aggregating to USD 85 Million. Approved at the Board Meeting on 3 July 2026.
Likely market impact
Full subscription signals strong investor interest; future equity dilution risk when bonds convert into shares.