Notices
Notice No20210604-24Notice Date04 Jun 2021
CategoryCompany relatedSegmentDebt
SubjectUpdate Regarding debt securities of Arvind Limited
Content

 

In continuation to the Exchange Notice No. 20170915-30 dated 15 September 2017 regarding Listing of debt securities of Arvind Limited, Trading Members are requested to note the below details to be read as mentioned in the table below for following Scrip Code bearing the following ISIN w.e.f. Monday, June 07, 2021:

 

Scrip Code: 956873/ ISIN: INE034A08032

 

Change in

Existing

Amended

Definition of “Redemption Date”

"Redemption Date" means the dates on which the Debentures shall be redeemed, being the dates falling at the expiry of 3rd Year and 4th Year as provided in 'Illustration of Debenture Cash Flows' from the Deemed Date of Allotment.

"Redemption Date" means the dates on which the Debentures shall be redeemed, being the dates falling at the expiry of 3rd Year and 4th Year as provided in 'Illustration of Debenture Cash Flows' from the Deemed Date of Allotment or such other date as defined under “Call Option” under “Information Relating to the Terms of Offer”.

Terms of issue, Redemption amount, period of maturity, yield on redemption – “Tenure”

4 Years from the Deemed date of

Allotment

4 Years from the Deemed date of

Allotment or such other date as defined under “Call Option Date” under “Call Option” under “Information Relating to the Terms of Offer”.

Terms of issue, Redemption amount, period of maturity, yield on redemption – “Redemption”

1)*50% of face value of each NCD i.e. Rs. 5,00,000/- shall be redeemed at the end of 3 years on 8th September, 2020

2.) Balance 50% of face value of each NCD i.e. Rs. 5,00,000/- shall be redeemed at the end of 4 years from the deemed date of allotment on 08th September, 2021

*Interest shall be payable accordingly

1)*50% of face value of each NCD i.e. Rs. 5,00,000/- shall be redeemed at the end of 3 years on 8th September, 2020

2.) Balance 50% of face value of each NCD i.e. Rs. 5,00,000/- shall be redeemed at the end of 4 years from the deemed date of allotment on 08th September, 2021 or such other date as defined under “Call Option” under “Information Relating to the Terms of Offer”.

*Interest shall be payable accordingly

Additional Term in “Information Relating to the Terms of Offer”

-

CALL OPTION

The issuer shall have a right to call the NCDs for redemption at par, any time after 1-Jan-2021.

“Final Maturity Date” under “Summary Term Sheet Detailing Brief Information Pertaining to the Terms of the Issue”

*08th September, 2021

*Subject to Actual Deemed Date of Allotment defined earlier herein before.

*08th September, 2021 or such other call date as defined under “Call Option” under “Information Relating to the Terms of Offer”

*Subject to Actual Deemed Date of Allotment defined earlier herein before.

“Call Option Date” under “Summary Term Sheet Detailing Brief Information Pertaining to the Terms of the Issue”

NA

The issuer shall have a right to call the NCDs for redemption at par, any time after 1-Jan-2021.

“Call Option Price” under “Summary Term Sheet Detailing Brief Information Pertaining to the Terms of the Issue”

NA

Call Option Price will be Redemption Amount at Face Value of the Debentures. Accrued Interest, if any up to the actual date of redemption will be payable on the date of redemption.

Call Notification Time

NA

7 days’ notice will be given to the Debenture Holders

 

 

 

Trading Members may contact the following Officials for further details if any:

 

Name of the Officer

Contact details

Email Id

Ms. Ishwari Vaidya

+91 22 2272 8352

debt.listing@bseindia.com

 

 

Rupal Khandelwal

Sr. Manager

June 04, 2021