Deccan Cements allots debentures worth around INR 660 crore

Fund Raising View source PDF Explain this filing

DECCANCE · price

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Price reactionminutes from the announcement price · days from the prior close

+1.1%Reaction day

₹590.60

prior close

₹607.95

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+1.4% vs market

Cement & Cement Products peers, median of 35sector-0.8%+1.9% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.9 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.0

10m

-0.0

15m

-0.4

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1-0.3+1.4-0.8+1.9

Next day

+0.9+0.8+0.2-0.7+1.6

-2.1+0.9-3.0-0.5-1.6

-3.6+1.8-5.4+0.9-4.5

-2.9+1.5-4.4+0.8-3.7

-3.1+1.7-4.8+0.2-3.3

-4.1-1.1-3.1-2.1-2.0

15d

-2.8+1.0-3.8+1.8-4.6

-6.9+0.4-7.2+0.3-7.2

-2.3+6.4-8.7-4.3+2.0

-8.6+5.5-14.0-12.2+3.6

UpDownMarket · Nifty Microcap 250Sector · Cement & Cement Products peers, median of 35Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.