Announced Wed, 24 Jun · 20:51 IST
Board approves NCD issuance up to Rs 100 crore, re-appoints CFO
Management Changes View source PDF
ONMOBILE · price
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AI summary
OnMobile Global's board approved issuing secured, unlisted, non-convertible debentures on private placement to two investors, raising up to Rs 100 crore (Rs 75 crore at 13.60 percent p.a. and Rs 25 crore at 13.88 percent p.a.) for 36 months. Board also re-appointed Radhika Venugopal as Whole-time Director and CFO for 3 years from March 27, 2027, subject to shareholder approval.
Likely market impact
Raises Rs 100 crore in secured debt; CFO continuity for 3 more years likely viewed positively by investors.