ERAAYA Lifespaces converts USD 500,000 FCCBs, raises equity capital to INR 18.43 Crore

ERAAYA Lifespaces Limited (formerly known as Justride Enterprises Limited) has announced the allotment of 52,409 fully paid-up equity shares. This move comes after the conversion of USD 500,000 worth of 9.50% Senior Secured Foreign Currency Convertible Bonds (FCCBs), which are due in 2031.

Following this allotment, the company’s paid-up equity share capital now stands at INR 18,43,67,690. This capital is divided into a total of 1,84,36,769 fully paid-up equity shares, each having a face value of INR 10.

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The decision was made during an FCCB Committee meeting held on October 5, 2024.

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