December 7, 2022 | |
BSE Limited | The National Stock Exchange of India Limited |
Phiroze Jeejeebhoy Towers, | Exchange Plaza, C-1, Block - G, Bandra Kurla Complex, |
Dalal Street, Mumbai-400001 | Bandra (E), Mumbai-400051 |
Ref: Indus Towers Limited (534816/ INDUSTOWER)
Sub: Outcome of Meeting of the Board constituted Committee of Directors for Fund raising
Dear Sir/ Madam,
Further to our intimation dated October 27, 2022, November 25, 2022 and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we hereby inform that the Committee of Directors for Fund Raising at their meeting held today i.e. December 7, 2022, has inter-alia, approved the allotment of 15,000 (Fifteen Thousand) rated, listed, unsecured, redeemable non-convertible debentures of face value of Rs. 10,00,000/- each ('NCDs') in three series aggregating up to INR 1500,00,00,000/- (Rupees One Thousand Five Hundred Crore only) on private placement basis.
The details, as required to be disclosed under Regulation 30 read with SEBI Circular dated September 09, 2015, are also enclosed as Annexure A.
The Meeting commenced at 11.20 a.m. and concluded at 1:05 p.m.
Kindly take the same on record.
Thanking you,
Yours faithfully,
For Indus Towers Limited
(formerly Bharti Infratel Limited)
SAMRIDHI RODHE
Digitally signed by SAMRIDHI RODHE DN: c=IN, o=PERSONAL, pseudonym=854447ee41a52905a238fdb1a79b7681cd85011 663c8c0754e29aaeea767f35e, postalCode=110015, st=DELHI, serialNumber=6731e060e0bc5e3f830e585ae35e03ad273571 a3d2d3b18fae6befc393248689, cn=SAMRIDHI RODHE Date: 2022.12.07 13:15:36 +05'30'
Samridhi Rodhe
Company Secretary
Indus Towers Limited
(formerly Bharti lnfratel Limited)
Registered & Corporate Office: Building No. 10, Tower A, 4th Floor, DLF Cyber City, Gurugram-122002, Haryana I Tel: +91 -124-4296766 Fax: +91124 4289333 CIN: L64201HR2006PLC073821 I Email: compliance.officer@industowers.com I www.industowers.com
Annexure A
Details under Regulation 30 of the Listing Regulations read with clause 2 of Annexure I of SEBI Circular
dated September 9, 2015
S. No. | Particulars | Details | ||||||||||||
1. | Type of securities proposed to be issued | Unsecured, Rated, Listed, Redeemable Non‐Convertible Debentures | ||||||||||||
of face value of Rs. 10,00,000/‐ each | ||||||||||||||
2. | Type of issuance (further public | Private Placement | ||||||||||||
offering, | rights | issue, | depository | |||||||||||
receipts | (ADR/GDR), | qualified | ||||||||||||
institutions | placement, | preferential | ||||||||||||
allotment, etc.) | ||||||||||||||
3. | Total number of securities proposed to | Total 15,000 NCDs amounting to Rs. 1,500 Crore in three series as | ||||||||||||
be issued or the total amount for which | below | |||||||||||||
the | securities | will | be | issued | Series I Debentures:7,500 NCDs amounting to Rs. 750 Crore | |||||||||
(approximately)/ Size of the issue | ||||||||||||||
Series II Debentures:3,750 NCDs amounting to Rs. 375 Crore | ||||||||||||||
Series III Debentures:3,750 NCDs amounting to Rs. 375 Crore | ||||||||||||||
4. | Whether proposed to be listed? If yes, | Yes, Wholesale Debt Market (WDM) of National Stock Exchange of | ||||||||||||
name of the stock exchange(s) | India Limited | |||||||||||||
5. | Credit Rating | [ICRA] AA+ by ICRA Limited | ||||||||||||
AA+/Stable by Credit Rating Information Services of India Limited | ||||||||||||||
6. | Tenure of the instrument ‐ date of | Series I | Series II | Series III | ||||||||||
allotment and date of maturity | ||||||||||||||
Tenure: 24 months | Tenure: 30 months | Tenure: 36 months | ||||||||||||
Date | of | allotment: | Date of allotment: | Date of allotment: | ||||||||||
December 7, 2022 | December 7, 2022 | December 7, 2022 | ||||||||||||
Date | of | maturity: | Date of maturity: | Date of maturity: | ||||||||||
December 7, 2024 | June 7, 2025 | December 7, 2025 | ||||||||||||
Indus Towers Limited
(formerly Bharti lnfratel Limited)
Registered & Corporate Office: Building No. 10, Tower A, 4th Floor, DLF Cyber City, Gurugram-122002, Haryana I Tel: +91 -124-4296766 Fax: +91124 4289333 CIN: L64201HR2006PLC073821 I Email: compliance.officer@industowers.com I www.industowers.com
7. | Coupon/interest | offered, schedule | of | Fixed Coupon rate of 8.20% per annum payable annually and | |
payment | of | coupon/interest | and | payable on the maturity along with principal | |
principal | |||||
8. | Charge/security, if any, created over the | None. The NCDs are unsecured. | |||
assets | |||||
9. | Special right / interest / privileges | Nil | |||
attached to the instrument and changes | |||||
thereof | |||||
10. | Delay in payment of interest / principal | N.A. | |||
amount for a period of more than three | |||||
months from the due date or default in | |||||
payment of interest / principal | |||||
11. | Details of any letter or comments | N.A. | |||
regarding | payment/non‐payment | of | |||
interest, principal on due dates, or any | |||||
other matter concerning the security | |||||
and/or the assets along with its | |||||
comments thereon, if any | |||||
12. | Details of redemption of debentures | To be redeemed at par on maturity Date | |||
Indus Towers Limited
(formerly Bharti lnfratel Limited)
Registered & Corporate Office: Building No. 10, Tower A, 4th Floor, DLF Cyber City, Gurugram-122002, Haryana I Tel: +91 -124-4296766 Fax: +91124 4289333 CIN: L64201HR2006PLC073821 I Email: compliance.officer@industowers.com I www.industowers.com
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Indus Towers Ltd. published this content on 07 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2022 08:01:01 UTC.