B C C Fuba India Limited has made an investment in its subsidiary company, Iogems Technologies Private Limited, through the allotment of Optionally Convertible Debentures (OCDs).
Investment Details
- Investment Amount: ₹5,00,00,000 (Rupees Five Crores Only)
- Instrument Type: 7% Optionally Convertible, unsecured Debentures
- Face Value: ₹10 per OCD
- Issue Price: ₹10 per OCD (at par)
- Allotment Date: August 18, 2026
- Allotment Basis: Private placement (Second Tranche)
Terms and Conditions
- Tenure: 7 years from allotment date
- Interest Rate: 7% per annum, payable annually
- Conversion Rights: OCD holders may convert their debentures into equity shares of Iogems Technologies Private Limited at any time before the maturity date by issuing written notice to the company
- Conversion Price: To be determined based on valuation report issued by a registered valuer in compliance with Companies Act, 2013 provisions
- Redemption: At maturity date, the company shall redeem the OCDs at face value along with accrued interest
- Security: Unsecured (no charge created over assets)
- Listing Status: Not proposed to be listed
Documentation
The complete details as required under Regulation 30 are enclosed as Annexure-A and have been placed on the company's website at www.bccfuba.com.