This is about 100 Cr raised while trading at a Mcap of 376 Cr!
It’s great that there is no short to medium-term impact on the financials as it’s a ZERO coupon* unsecured FCCB for a tenure of 10 years. FREDUN has been struggling with cash generation. Hopefully they have some plans in mind for expansion, acquisition, or even repaying the current debt, which would also be a good option.
Zero Coupon*: No interest payments throughout the tenure, rather a lump sum at the time of maturity or an equity conversion.
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