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Indostar Capita

26th-Nov-2021 16:06Source: BSE

Indostar Capital Finance - Announcement under Regulation 30 (LODR)-Conversion of Securities

Dear Sir/Madam,

This is with reference to our letter no. ICFL/LS/0030/2020-21 dated 27 May 2020 inter-alia informing about allotment of 1,20,68,966 compulsorily convertible preference shares ('CCPS') having face value of INR 10 each, at a price of INR 290 per CCPS, to BCP V Multiple Holdings Pte. Ltd. on preferential basis, wherein each CCPS carries dividend of 10% per annum (calculated on issue price), net of any taxes, and is convertible into 1 equity share per CCPS within 18 months from the date of issuance.

In this regard, we wish to inform you that, the Board of Directors of the Company, by way of a circular resolution passed on 26 November 2021 inter-alia approved the allotment of 1,20,68,966 Equity Shares of the Company to BCP V Multiple Holdings Pte. Ltd.

Pursuant to the aforesaid allotment, the paid-up equity share capital of the Company stands increased from INR 1,24,01,03,290 to INR 1,36,07,92,950.

Request you to kindly take the above on record.