Sri Adhikari Brothers raises US$7 million through FCCB issue

Sri Adhikari Brothers Television Network Ltd has announced that the Board of Directors of the Company at its meeting held on June 05, 2007, inter alia, has allotted 1.50% Foreign currency convertible bonds (FCCB) aggregating US$ 7 million to be listed on Singapore Stock Exchange Securities Trading Ltd (SGX-ST) and the said issue of FCCB is closed to day.

The stock was trading at Rs.19.40, up by Rs.0.20 or 1.04%. The stock hit an intraday high of Rs.19.70 and low of Rs.19.20. The total traded quantity was 14566 compared to 2 week average of 204249.

Source : Equity Bulls

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