63SATS Cybertech secures Rs 180 crores in private placement

63SATS Cybertech Limited has successfully raised an aggregate of Rs 180 crores through a private placement. This was achieved by issuing 18 crores equity shares, each with a face value of Re 1 and a premium of Rs 9 per share.

Additionally, 63 moons holds 6,000 partly-paid Zero Coupon Unsecured Optionally Fully Convertible Debentures (ZOFCD's), each with a face value of Rs 1,00,000, amounting to Rs 60 crores.

Upon full payment and conversion of these ZOFCD's into equity shares, 63 moons will hold 65.99 crore equity shares of Re 1 face value each in 63SATS Cybertech Limited. This information was shared in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.