Mercator Ltd had earlier announced about the receipt of Reserve Bank of India (RBI) approval for the restructuring of US$ 16 Million Foreign Currency Convertible Bonds ('FCCBs') which was related to the outcome of the Postal Ballot convened pursuant to the Postal Ballot Notice dated 26 April 2019 at which Amendment of the existing terms and conditions of the US$ 16,000,000 4.75% Unsecured Foreign Currency Convertible Bonds issued by the Company was approved by the shareholders.
The Company has amended trust deed executed on 23 May 2014 as amended and restated on 27 May 2014 entered with the bondholders for the FCCBs on July 15, 2019 to give effect to the revised restructuring terms of the FCCBs.
Shares of MERCATOR LTD. was last trading in BSE at Rs.1.91 as compared to the previous close of Rs. 1.84. The total number of shares traded during the day was 82114 in over 59 trades.
The stock hit an intraday high of Rs. 1.91 and intraday low of 1.8. The net turnover during the day was Rs. 153035.