November 25, 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, 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 in its meeting held today, has, inter alia, approved the offering of Non-Convertible Debentures ('NCD's) of total up to Rs. 1,500 Crore (Base issue size of Rs. 1,000 Crore and Green Shoe option of up to an additional Rs. 500 Crore) in three series, 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 6.15 p.m. and concluded at 8:05 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=854447ee41a52905a238fdb1a79b7681cd8501 1663c8c0754e29aaeea767f35e, postalCode=110015, st=DELHI, serialNumber=6731e060e0bc5e3f830e585ae35e03ad27357 1a3d2d3b18fae6befc393248689, cn=SAMRIDHI RODHE Date: 2022.11.25 20:09:12 +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 offering, | Private Placement | |||
rights | issue, | depository | receipts | ||
(ADR/GDR), | qualified | institutions | |||
placement, preferential allotment, etc.) | |||||
3. | Total number of securities proposed to be | Total up to Rs. 1,500 Crore (Base issue size of | |||
issued or the total amount for which the | Rs. 1,000 Crore and Green Shoe option of up to | ||||
securities will be issued (approximately)/ | an additional Rs. 500 Crore) in three series as | ||||
Size of the issue | per Placement Memorandum | ||||
Series I Debentures: | |||||
Total up to Rs. 750 Crore (Base issue size of | |||||
Rs. 500 Crore and Green Shoe option of up to | |||||
an additional Rs. 250 Crore) | |||||
Series II Debentures: | |||||
Total up to Rs. 375 Crore (Base issue size of | |||||
Rs. 250 Crore and Green Shoe option of up to | |||||
an additional Rs. 125 Crore) | |||||
Series III Debentures: | |||||
Total up to Rs. 375 Crore (Base issue size of | |||||
Rs. 250 Crore and Green Shoe option of up to | |||||
an additional Rs. 125 Crore) | |||||
4. | Whether proposed to be listed? If yes, name | Yes, Wholesale Debt Market (WDM) of | |||
of the stock exchange(s) | National Stock Exchange of India Limited | ||||
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
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 allotment | Series I | Series II | Series III | |||||
and date of maturity | |||||||||
24 | months | 30 | months | 36 | months | ||||
from | the | from | the | from | the | ||||
Deemed Date | Deemed Date | Deemed Date | |||||||
of Allotment | of | Allotment | of Allotment | ||||||
as | per | as | per | as | per | ||||
Placement | Placement | Placement | |||||||
Memorandum | Memorandum | Memorandum | |||||||
7. | Coupon/interest offered, schedule of | Fixed Coupon as per Placement Memorandum | |||||||
payment of coupon/interest and principal | |||||||||
8. | Charge/security, if any, created over the | None. The NCDs are unsecured. | |||||||
assets | |||||||||
9. | Special right / interest / privileges attached | Nil | |||||||
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 regarding | N.A. | |||||||
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 25 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2022 15:56:02 UTC.