Nuvoco Vistas Subsidiary Allots ₹300 Crore Series B CCDs to Four Investors
Nuvoco Vistas Corporation's subsidiary Vadraj Cement Limited has completed the allotment of ₹300 crore Series B compulsorily convertible debentures to four investors including Alpha Alternatives Financial Services, Trust Investment Advisors, Third Edge Advisors, and Ncube Ventures. The 30,000 CCDs are issued at face value of ₹1,00,000 each and will convert into equity shares either before an IPO or after seven years.
