JHS Svendgaard Retail Ventures Limited has informed regarding subscription of 85,00,000 (Eighty-Five Lakhs) 7% Optionally Convertible Debentures (OCDs) of Purple Rock Infra Private Limited, having a face value of ₹10/- each
RETAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
JHS Svendgaard Retail Ventures Limited has subscribed to 85 lakh Optionally Convertible Debentures (OCDs) issued by Purple Rock Infra Private Limited. Each OCD has a face value of ₹10, making the total investment approximately ₹8.5 crores. The debentures carry a 7% coupon rate and are optionally convertible, meaning JHS can choose to convert them into equity shares of Purple Rock Infra at a later stage. Purple Rock Infra is a private limited company, so this is not a listed-entity transaction. The move signals deployment of company funds into an infrastructure-related private entity, either as a strategic investment or financial yield play.
For shareholders, this represents an ₹8.5 crore capital allocation into a privately-held infrastructure company. The optional conversion feature gives JHS potential future equity upside in Purple Rock Infra, but until converted, it functions as a debt instrument earning 7% interest. Investors should watch for any future conversion or related-party disclosures.