Fortis Healthcare Ltd gets request to convert FCCBs into shares

Fortis Healthcare Ltd has issued USD 30 Million Foreign Currency Convertible Bonds due 2018 (FCCBs) through an Offering Circular listed on Singapore Stock Exchange in the year 2013. The maturity date/ last date of conversion of FCCBs is August 1, 2018.

The Company has received Conversion Notice from DB Trustees (Hong Kong) Limited (the trustees) that the investor Standard Chartered Private Equity (Mauritius) III Limited (SCPE) has requested for conversion of entire FCCBs into equity shares equivalent to 1,80,70,650 equity shares of Rs. 10 each @ Rs.99.09 per shares with a fixed rate of exchange on conversion of Rs 59.6875 = U.S.$1.00.

Shares of FORTIS HEALTHCARE LTD. was last trading in BSE at Rs.182.45 as compared to the previous close of Rs. 183.2. The total number of shares traded during the day was 284774 in over 4805 trades.

The stock hit an intraday high of Rs. 186.2 and intraday low of 174. The net turnover during the day was Rs. 51378591.

Source : Equity Bulls

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