Key Transaction Details
The FCCBs have been admitted and listed on the AFRINEX STOCK EXCHANGE, Mauritius (AFRINEX EXCHANGE). The listing was confirmed via the exchange's circular no. 20260709-1 dated July 9, 2026.
Bond Specifications:
- Issuer: Davangere Sugar Company Limited
- Instrument Type: Foreign Currency Convertible Bond (FCCB)
- Issue Date: 6th July 2026
- Issue Size: U.S. $100,000,000 (One Hundred Million Dollars)
- Interest Rate (Coupon): 2%
- Maturity Date: 9th July 2031
- Listing Effective Date: Thursday, 9th July 2026
- Listed Segment: AFRINEX Securities List (ASL) of AFRINEX Limited
Parties Involved
- Regulator Reference: Securities and Exchange Board of India (SEBI), Listing Regulations.
- Stock Exchange: AFRINEX Limited, Mauritius.
- Company Representative: The disclosure was signed by S S Ganesh, Managing Director (DIN: 00451383), on behalf of Davangere Sugar Company Limited.
Purpose and Additional Information
The purpose of the disclosure is to fulfill regulatory listing obligations. For further information or clarification regarding the listing, the exchange has directed parties to its website or to contact listing@afrinexexchange.com.