News : Zuari Global, DFPCL and Ishan Dyes & Chemicals
Chemical

News : Zuari Global, DFPCL and Ishan Dyes & Chemicals

The NCD Committee of the board of directors of Zuari Global Ltd has approved the allotment of 1,500 secured, unrated, unlisted, redeemable non-convertible debentures of Rs 150 crore.

  • By ICN Bureau | July 02, 2021

 

Zuari Global :

The NCD Committee of the board of directors of Zuari Global Ltd at its meeting held on 30th June 2021, has approved the allotment of 1,500 secured, unrated, unlisted, redeemable non-convertible debentures of a face value of Rs 10,00,000 each, at par, aggregating up to Rs 150 crore.

Deepak Fertilisers and Petrochemicals

The Securities Issue Committee of Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) at its meeting held on 1st July, 2021, has approved the allotment of 54,76,831 equity shares of face value of Rs.10 each to International Finance Corporation pursuant to the conversion of first tranche of Foreign Currency Convertible Bonds issued to them on 19th October, 2019.

Ishan Dyes & Chemicals

The Board of Directors of Ishan Dyes & Chemicals Limited at their meeting held  on 1st July, 2021 has considered and approved raising of funds through Issue of 50,00,000 Convertible Equity Warrants (Warrants) at a price of Rs 61/- per Warrant aggregating to INR 30.50 crores on a preferential and private placement basis to the Promoters and other Non-Promoters/Public Investors.

The said issue of the Warrants will be subject to the approval of the Shareholders of the Company at an Extra Ordinary General Meeting scheduled to be held on Friday, 30th July, 2021 and also in compliance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations 2018") and other applicable laws and regulations. The notice for Extra Ordinary General Meeting along with Evoting period will be published separately in due course of the time.

The Relevant Date in relation to the issue of Warrants in accordance with SEBI ICDR Regulations, 2018 would be Wednesday, 30th June, 2021, being the date 30 days prior to the date of passing of resolution at the ensuing Extra Ordinary General Meeting to be held on Friday, 30th July, 2021.

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