General Announcement::Outcome of the Meeting

Issuer & Securities

Issuer/ Manager
SUMMIT DIGITEL INFRASTRUCTURE PRIVATE LIMITED
Securities
SUMMITDGUS$500M2.875%N310812A - US86608CAA62 - OBWB
SUMMITDGUS$500M2.875%N310812R - USY8190DAA55 - UELB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
01-Jun-2022 21:15:00
Status
New
Announcement Sub Title
Outcome of the Meeting
Announcement Reference
SG220601OTHRY000
Submitted By (Co./ Ind. Name)
Chandra Kant Sharma
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Pursuant to the provisions of Regulation 51(2) read with Part B of Schedule III of the SEBI Listing Regulations, we wish to inform that the Board of Directors of the Company at its Meeting held today i.e. on Tuesday, May 31, 2022, have, inter alia, considered and approved:
1. Allotment of 10,000 Secured, Rated, Listed, Redeemable Non-Convertible Debentures ( NCDs ) aggregating to Rs. 1,000 crores, on private placement basis, on terms and conditions as mentioned in the Placement Memorandum dated May 26, 2022; and
2. Conversion of the Company from a private limited company to a public limited company, subject to approval of the shareholders of the Company and other regulatory approvals, as applicable.

The above NCDs carry a coupon rate of 8.05% p.a., payable quarterly and will be listed on the debt market segment of National Stock Exchange of India Limited.

Attachments

SDIPL_Outcome of Board Meeting_SGX.pdf
Total size =372K