Usha Martin Limited CC-Mar24.pdf · 2024-04-29
I have just one question that is regarding disclosures which has been coming under Regulation 29 (2) of SEBI wherein one of the promoter and the group promoter Company Peterhouse Investments has been disclosing shares sold in the market , in that they are writing within bracket that there is a GDR option available to them which can be converted into 5 equity shares at the discretion of the holder. Sir, I would like to understand when this exercise is due, by when it can be exercised, what will be the price because this can lead to dilution in the equity, and it can impact the ratio. So, can you please elaborate on this GDR stuff that has been done in the past?
And currently what is the outstanding GDR we have to oblige for?