OnMobile Global board meets June 24 to consider NCD issuance
OnMobile Global Limited has called a board meeting for June 24, 2026, to consider raising funds through the private placement of Non-Convertible Debentures in one or more tranches.
*this image is generated using AI for illustrative purposes only.
OnMobile Global Limited has scheduled a board meeting on June 24, 2026, to consider the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The meeting will be held through a video conference to evaluate proposals for raising debt funds in one or more tranches.
Board Meeting Details
The board of directors will convene to deliberate on the private placement of NCDs, which are debt instruments that cannot be converted into equity shares. This method allows the company to raise capital from select investors without a public offering.
| Parameter | Details |
|---|---|
| Meeting Date | June 24, 2026 |
| Agenda | Issuance of Non-Convertible Debentures |
| Placement Type | Private Placement |
| Mode | Video Conference |
The company has not yet disclosed the specific size, tenure, or coupon rate for the proposed NCDs. Further details regarding the fundraise are expected to be announced following the board meeting.
Historical Stock Returns for OnMobile Global
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.74% | +8.40% | -1.44% | -11.22% | -2.20% | -53.80% |
What specific use of proceeds will OnMobile target with the raised debt capital?
How will the issuance of NCDs impact OnMobile's existing debt-to-equity ratio?
What coupon rate is the company likely to offer given current market interest rate conditions?
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