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Precision Wires India Limited secures Rs 100 Crore via convertible debentures for growth
12-Aug-2026, 02:25
Precision Wires India Limited is set to issue convertible debentures to two unnamed investors in a preferential allotment totaling over Rs 100 Crore, with the funds intended for business operations and growth. The debentures carry a 12% annual interest rate, payable in three installments, and will be converted into equity shares ranking equally with existing shares. The allotment, noticed on August 10, 2026, is being conducted in compliance with SEBI ICDR regulations and will be monitored by CARE Ratings Limited, with quarterly reports posted on the company’s website. The convertible debentures are locked in for one year, and the resulting equity shares are subject to SEBI lock-in requirements, while directors and key personnel have no direct financial interest in the transaction beyond their existing shareholdings.
Precision Wires India Limited is set to issue convertible debentures to two unnamed investors in a preferential allotment totaling over Rs 100 Crore, with the funds intended for business operations and growth. The debentures carry a 12% annual interest rate, payable in three installments, and will be converted into equity shares ranking equally with existing shares. The allotment, noticed on August 10, 2026, is being conducted in compliance with SEBI ICDR regulations and will be monitored by CARE Ratings Limited, with quarterly reports posted on the company’s website. The convertible debentures are locked in for one year, and the resulting equity shares are subject to SEBI lock-in requirements, while directors and key personnel have no direct financial interest in the transaction beyond their existing shareholdings.