Nuvoco Vistas subsidiary secures ₹12 bn through debenture agreements

Nuvoco Vistas Corporation Ltd. announced on October 17, 2025, that its board-constituted committee approved the execution of agreements for the issuance of unsecured unlisted compulsorily convertible debentures (CCDs) by its wholly-owned subsidiary, Vadraj Cement Limited. The total aggregate amount for these CCDs is up to ₹12,00,00,00,000.

The CCDs will be divided into two tranches: Series A CCDs and Series B CCDs, each valued up to ₹6,00,00,00,000. The committee approved the execution of securities subscription and debenture trustee agreements, along with option agreements, for both Series A and Series B CCDs.

For Series A CCDs, the agreements will involve the company, Vadraj, and Beacon Trusteeship Limited as the debenture trustee, alongside Nirma Limited for the option agreement. For Series B CCDs, the parties include the company, Vadraj, the debenture trustee, and Niyogi Enterprise Private Limited for the option agreement.