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Bharat Wire Ropes: Promoters Acquire CCPS, No Change in Paid-Up Capital
Bharat Wire Ropes Limited
January 8, 2026, 11:19 AM
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Bharat Wire Ropes Limited has announced that its Promoters and Investors have purchased 1,124 unlisted Compulsorily Convertible Preference Shares (CCPS) from Export-Import Bank of India via an off-market transaction.
Additionally, 38,266 unlisted CCPS were allotted to a Consortium of Banks. This allotment is a conversion of a loan amounting to ₹382.66 crore, as per the Resolution Plan sanctioned by the banks in FY 2020-21.
The company has clarified that this acquisition does not result in any change to the total paid-up capital of Bharat Wire Ropes Limited at this stage. This intimation is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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