Delay in Listing. As per Applicable Law, in case of delay in listing beyond 4 (four) trading days from the issue closure date, the Issuer is required to pay penal interest of 1% (one per cent) p.a. over and above the Coupon to the Debenture Holders for the delayed period i.e., from the Deemed Date of Allotment till the date of listing of the Debentures on the entire outstanding amount pertaining to the Debentures. The Debentures have been listed with the Stock Exchange within 4 (four) trading days from the issue closure date. For the avoidance of doubt, it is clarified that the amounts payable by the Issuer under Clause 2.15.4 above are in addition to the amounts payable by the Issuer for redemption of the Debentures under this Deed.
Delay in Listing. In case of delay in listing beyond 4 (four) trading days from the Deemed Date of Allotment, a penal interest of 1% (one per cent) p.a. over the Coupon to the Debenture Holders for the delayed period i.e., from the Deemed Date of Allotment till the listing of Debentures, is payable under Applicable Law. The Debentures have been listed with the Stock Exchange within 4 (four) days from the issue closure date.
Delay in Listing. In case of delay in listing of the Debentures of particular tranche/series, wherever applicable, beyond 20 (Twenty) days from the Deemed Date of Allotment in respect of the relevant tranche/series of the Debentures, the Company will pay additional interest of 1% (One percent) per annum over the interest rate from the expiry of 30 (Thirty) days from the relevant Deemed Date of Allotment till the listing of such Debentures on the Exchange;
Delay in Listing. In case of delay in listing of the debt securities beyond 20 days from the deemed date of allotment, the Company will pay penal interest of atleast 1 % p.a. over the coupon rate from the expiry of 30 days from the deemed date of allotment till the listing of such debt securities to the investor. 4. The company shall pay interest for the delayed period as per the provision of Companies Act / SEBI (ICDR) Regulations, if the allotment is not made within the prescribed time limit and / or the Refund Orders are not despatched to the investors within 15 days from the date of the closure of the Issue, for the delay beyond the 15 days’ period. The Company will make available adequate funds for this purpose.
Delay in Listing. In case of delay in listing of the debt securities beyond the timelines specified in para 2 of SEBI Circular no. SEBI/HO/DDHS/CIR/P/2020/198 dated 5 October 2020 issuer shall: a. Pay penal interest of 1% p.a. over coupon rate for the period of delay to the investor (i.e. from the date of allotment to the date of listing) b. Be permitted to utilise the issue proceeds of its subsequent two privately placed issuances of securities only after receiving final listing approval from Stock Exchanges.
Delay in Listing. In case of delay in listing the Debentures beyond 3 (three) Trading Days from the date of closure of the issue of the Debentures, the Issuer shall pay penal interest of 1% (one per cent) per annum over the Interest Rate for the period of delay (i.e. from the Deemed Date of Allotment to the date of listing).
Delay in Listing. In case of delay in listing of the debt securities beyond 20 days from the deemed date of allotment, the Company will pay penal interest, of atleast 1 % p.a. over the interest / coupon rate / implicit yield from the expiry of 30 days from the deemed date of allotment till the listing of such debt securities to the investor.
