Core Projects adjusts FCCB conversion price

Core Projects & Technologies Ltd has announced that consequent to the sub-division of shares from the face of Rs 10 per equity share to 5 equity shares of Rs 2 each, the initial Conversion Price for USD 80 million FCCB issued on May 11, 2007 which was set at Rs 828.59 per share will be adjusted to Rs 165.72 (being one-fifth of the original initial conversion price).

Source : Equity Bulls

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