Announced Thu, 25 Jun · 18:32 IST
Deccan Cements allots debentures worth around INR 660 crore
Fund Raising View source PDF
DECCANCE · 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
+0.9%1-day move
₹590.60
prior close
₹607.95
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0-0.0-0.4+1.2+0.9-2.1-3.6-2.9-3.1-4.1-2.8———
Up moveDown movePending
AI summary
Deccan Cements has allotted three tranches of debentures totalling around INR 660 crore. This includes 14.4 lakh unsecured compulsorily convertible debentures (CCDs) at INR 715 each (about INR 103 crore), 15,000 senior secured NCDs (Series A) at INR 1 lakh each (INR 150 crore), and 40,700 junior secured NCDs (Series B) at INR 1 lakh each (INR 407 crore). All instruments are unlisted and unrated.
Likely market impact
CCDs will dilute existing shareholders on conversion. The unrated debt and large junior tranche raise capital structure risk, but the raise boosts liquidity.