DCW has raised Rs 410 crore through issuance of debentures to refinance debt and augment working capital. It has completed the refinancing of its debt with the issuance of NCDs (Non-Convertible Debentures) amounting Rs 350 crore and OCDs (Optionally Convertible Debentures) to be converted into equity within 18 months, amounting Rs 60 crore.
The company will utilise the funds to refinance the existing term loans and augment working capital. The company expects this fund raise to enhance capacity utilisation and meet increasing product demand. These NCD's carries moratorium of 18 months and tenure of six years.
DCW is an industry pioneer with a strong presence in the Chlor-Alkali, Synthetic Rutile and PVC business segments, with a successful record of innovation and in pioneering new products and processes.
Company Name | CMP |
---|---|
Tata Chemicals | 1126.00 |
SRF | 2610.00 |
Pidilite Inds. | 2940.00 |
Aarti Inds | 747.30 |
Gujarat Fluorochemic | 3655.20 |
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