Gitanjali allots fully convertible debentures to DB Corp
Jewellery retailer Gitanjali Gems today said it has allotted zero per cent fully convertible debentures (FCD) to D B Corp Ltd at a face value of Rs 39 crore on preferential basis in accordance with SEBI.
By PTI | Updated:
NEW DELHI: Jewellery retailer Gitanjali Gems today said it has allotted zero per cent fully convertible debentures (FCD) to D B Corp Ltd at a face value of Rs 39 crore on preferential basis in accordance with SEBI.
"The above-said FCD is compulsorily convertible into equity shares with face value of Rs 10 each," the company said in a BSE filing.
D B Corp, which is engaged in the business of printing and publication of newspaper, should be entitled to apply for conversion of the FCD into equity shares at the end of 18 months from the date of allotment, it said.
Gitanjali has brands such as Nakshatra, Asmi, Gilli and D'Damas.
"The above-said FCD is compulsorily convertible into equity shares with face value of Rs 10 each," the company said in a BSE filing.
D B Corp, which is engaged in the business of printing and publication of newspaper, should be entitled to apply for conversion of the FCD into equity shares at the end of 18 months from the date of allotment, it said.
Gitanjali has brands such as Nakshatra, Asmi, Gilli and D'Damas.
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