The Investment Trust of India Redeems 10,050 0% OCPS on Dec 30, 2025
The Investment Trust of India Limited has provided an update regarding the redemption of its 0% Optionally Convertible Preference Shares (OCPS). These OCPS were issued on December 31, 2020, with a fiv...
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Why is The Investment Trust Of India Limited in the news today?
The Investment Trust Of India Limited (THEINVEST) is in the news due to the announcement is a routine update on the redemption of preference shares as per the original terms. there are no significant positive or negative financial implications highlighted.
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The Investment Trust of India Redeems 10,050 0% OCPS on Dec 30, 2025
December 31, 2025, 06:06 AM
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More Details on This News
The Investment Trust of India Limited has provided an update regarding the redemption of its 0% Optionally Convertible Preference Shares (OCPS). These OCPS were issued on December 31, 2020, with a five-year tenure expiring on December 30, 2025, and were optionally convertible into equity shares.
Out of a total of 7,32,000 OCPS issued, 7,21,950 have already been converted into equity shares. The remaining 10,050 OCPS, each with a face value of ₹325, were redeemed in full on December 30, 2025, as per the Scheme of Arrangement and issue conditions. The redemption was funded from the company's available reserves.
As of the redemption date, the preference shareholders had not claimed the redemption proceeds. In line with good governance, the company has transferred the total redemption amount to a separate designated bank account, pending claims from the respective shareholders. The company remains prepared to make the payment upon receipt of valid claim details.
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