Moser Baer India Ltd to restructure FCCBs

Moser Baer India Ltd has initiated the process through the trustee seeking information from the FCCB holders regarding their holding and/or other information, to undertake discussions for restructuring the outstanding FCCBs in due course. The restructuring will be subject to necessary approvals from FCCB holders / Regulatory Authorities / CDR Lenders of the Company / Board of Directors / Shareholders / others as may be applicable.

Shares of MOSER BAER INDIA LTD. was last trading in BSE at Rs.11.61 as compared to the previous close of Rs. 11.09. The total number of shares traded during the day was 589431 in over 934 trades.

The stock hit an intraday high of Rs. 12.09 and intraday low of 11. The net turnover during the day was Rs. 6850648.

Source : Equity Bulls

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