Announced Thu, 28 May · 20:13 IST
Intimation of Closure of FCCBs and Fundraising.
Fund Raising View source PDF
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
-9.3%1-day move
₹1.29
prior close
₹1.34
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.5-1.5-2.2-8.2-9.3-5.4-1.6+1.6+1.6+0.8-9.3-17.8——
Up moveDown movePending
AI summary
NHC Foods Ltd has successfully closed its Foreign Currency Convertible Bonds (FCCBs) issue worth USD 27 million (approximately INR 258 crore). The bonds carry a 1.5% coupon rate and were issued at a 10% discount. The offering was fully subscribed and closed on May 28, 2026, one day after the board meeting outcome. The bonds are unsecured in nature.
Likely market impact
The successful FCCB issuance provides the company with foreign currency capital for its funding needs, though the conversion feature could dilute existing shareholders' equity upon conversion.