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Shree Cements Ltd. — Capital/Financing Update 2023
Sep 26, 2023
62875_rns_2023-09-26_a4c2cf47-fba3-4fde-a320-abb76289c183.pdf
Capital/Financing Update
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SCL/BWR/SE/2023/ 26[th] September, 2023
National Stock Exchange of India Limited, Exchange Plaza, Bandra – Kurla Complex, Bandra (East) MUMBAI – 400 051 SCRIP CODE: SHREECEM EQ
BSE Ltd. Phiroze Jeejeebhoy Towers, 25[th] Floor, Dalal Street, MUMBAI – 400 023
SCRIP CODE 500387
Attn: Listing Department
Sub: Intimation of Allotment of Non- Convertible Debentures (NCDs) aggregating to Rs. 700 Crores on private placement basis
Dear Sirs,
In furtherance to our letter dated 25[th] September, 2023 and pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the "NCD Committee" of the Board of Directors of the Company today approved allotment of 70,000 (Seventy Thousand) secured, rated, redeemable, taxable, non-convertible debentures (“NCDs”) having face value of Rs.1,00,000/- (Rupees One Lac only) each for cash at par aggregating to Rs. 700,00,00,000/- (Rupees Seven Hundred Crores only) on private placement basis on terms and conditions as mentioned in the Placement Memorandum for the said Issue as detailed hereunder:
| Issue Size | Rs. 700 Crores | ||
|---|---|---|---|
| Coupon/Interest Rate |
7.80% | ||
| Schedule payment of Coupon/Interest and principal |
Interest payment:- | No. of days in couponperiod 366 365 365 365 366 365 |
|
| Date | No. of days in couponperiod |
||
| Thursday,26 September,2024 | 366 | ||
| Friday,26 September,2025 | 365 | ||
| Monday,28 September,2026 | 365 | ||
| Monday,27 September,2027 | 365 | ||
| Tuesday,26 September,2028 | 366 | ||
| Wednesday,26 September,2029 | 365 |
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| Thursday,26 September,2030 | Thursday,26 September,2030 | Thursday,26 September,2030 | Thursday,26 September,2030 | 365 | 365 | 365 | 365 | ||
|---|---|---|---|---|---|---|---|---|---|
| Saturday,26 October,2030 | 30 | ||||||||
| No. of Investors | 8 (Eight) (Based on Client IDs) |
||||||||
| Name of the Investors and no. of NCDs allotted |
Total Amount (Rs.) 50,00,00,000 75,00,00,000 35,00,00,000 25,00,00,000 |
||||||||
| S. No. |
Name and Address of the Allottees |
DP ID/ Client ID |
Number NCDs allotted |
Face Value (Rs.) |
Total Amount (Rs.) |
||||
| 1 | RELIANCE GENERAL INSURANCE COMPANY LTD, 6TH FLOOR, 6/A, COMMERZ TOWER, OBEROI CITY, INTERNATIONAL BUSINESS PARK, GOREGAON EAST, MUMBAI 400063 |
IN300167/10148306 |
5,000 | 1,00,000 | 50,00,00,000 | ||||
| 2 | ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED, ONE INDIABULLS CENTRE, TOWER 1, 16 TH FLOOR, JUPITER MILL COMPOUND, 841, S.B. MARG, ELPHINSTONE ROAD,MUMBAI 400013 |
IN300167/10007362 |
7,500 | 1,00,000 | 75,00,00,000 | ||||
| 3 | INDIAFIRST LIFE INSURANCE COMPANY LIMITED, 301 B WING THE QUBE INFINITY PARK DINDOSHI FILM CITY ROAD MALAD EAST, MUMBAI 400097 |
IN300167/10067404 | 3,500 | 1,00,000 | 35,00,00,000 | ||||
| 4 | CHOLAMANDALAM MS GENERAL INSURANCE COMPANY LTD DARE HOUSE,III FLOOR NSC BOSE ROAD, PARRYS CHENNAI TN 600001 |
IN301524/30038720 | 2,500 | 1,00,000 | 25,00,00,000 |
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| 5 | SBI CAPITAL MARKETS LIMITED, 202, MAKER TOWER E, CUFFE PARADE, MUMBAI, 400005 |
IN303786/10008277 | 37,500 | 1,00,000 | 3,75,00,00,000 | |||
| 6 | NPS TRUST- A/C UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME - Atal Pension Yojana (APY), C/0 UTI RETIREMENT SOLUTIONS LTD, UTI TOWER, GN BLOCK, BANDRA KURLA COMPLEX ,BANDRA (EAST) , MUMBAI 400051 |
IN300167/10169901 | 1,000 | 1,00,000 | 10,00,00,000 | |||
| 7 | NPS TRUST AC UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME CENTRAL GOVT, C/0 UTI RETIREMENT SOLUTIONS LTD, UTI TOWER, GN BLOCK, BANDRA KURLA COMPLEX ,BANDRA (EAST) , MUMBAI 400051 |
IN300167/10169539 | 4,000 | 1,00,000 | 40,00,00,000 | |||
| 8 | NPS TRUST- A/C UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME - STATE GOVT, C/0 UTI RETIREMENT SOLUTIONS LTD, UTI TOWER, GN BLOCK, BANDRA KURLA COMPLEX, BANDRA (EAST) , MUMBAI 400051 |
IN300167/10169733 | 9,000 | 1,00,000 | 90,00,00,000 | |||
| Total | 70,000 | 700,00,00,000 |
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The said NCDs will be listed on the Debt Market segment of the BSE Limited and National Stock Exchange of India Limited.
The Meeting commenced at 11.15 a.m. and concluded at 11.45 a.m.
Kindly take the same on record.
Thanking you,
For SHREE CEMENT LIMITED
Digitally signed by SHYAM SHYAM SUNDER SUNDER KHANDELWAL KHANDELWAL Date: 2023.09.26 11:57:38 +05'30'
( S.S. KHANDELWAL ) COMPANY SECRETARY
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