Cyrus Investments proposes withdrawal of Rs 100 crore dividend proceeds

Mumbai: Cyrus Investments (CIPL) has issued a consent letter to the holders of its ₹14,300 crore non-convertible debentures (NCDs), seeking approval to withdraw dividend proceeds received from its portfolio holding company (PHC).

In the letter, CIPL said it had received ₹216.8 crore in FY26 as cash dividend from the PHC. Of this, it proposes to withdraw ₹100 crore from the PHC deposit account for its permitted use under June 26, 2023 debenture trust deed.

Remaining ₹116.8 crore, treated as excess dividend, will be transferred to cash top-up account within one business day of withdrawal.