6 Sept 2022 , 12:20 PM
The subscription of OCDs is subject to the agreement's precedent and subsequent conditions. NH will subscribe to the OCDs upon satisfaction of the agreement's conditions, with a closing date scheduled on or about December 31, 2022.
Narayana Hrudayalaya Limited has agreed to subscribe to 80,00,000 OCDs with a face value of Rs100 each issued by Shiva & Shiva Orthopaedic Hospital Private Limited for a total of Rs800 crore.
Narayana Hrudayalaya Limited does not hold any shares in Shiva and Shiva Orthopaedic Hospital Private Limited.
OCDs will be redeemed after four years, with the Company having the option to prepay a portion or the entire due sum at any point throughout the four-year period.
This is not a related party transaction.
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