Motherson informs CCD holders about conversion window starting Oct 2026
MOTHERSON · price
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Samvardhana Motherson has notified holders of its 6.50 percent Compulsorily Convertible Debentures about the upcoming conversion into equity shares. The CCDs, originally allotted in September 2024 to qualified institutional buyers at Rs 1,00,000 each for 1.50 lakh CCDs (about Rs 150 crore), are eligible for conversion from September 30, 2026. First conversion window is October 1 to 7, 2026. Minimum adjusted conversion price is Rs 126.67 per share after the 1:2 bonus issue. Compulsory automatic conversion by the maturity date of September 20, 2027.
Conversion will cause equity dilution. About Rs 150 crore of CCDs converting to shares may increase the share count and weigh on short-term price.