Bhagyanagar India Completes Issue & Allotment of FCCBs

Bhagyanagar India Ltd has announced that the Company has successfully completed the issue and allotment of 150 zero coupon Unsecured Foreign Currency Convertible Bonds (FCCB) due 2011 of US $ 100.000 each for an aggregate value of US $ 15 million with a conversion price of Rs 44/- to M/s. Portman Square, London, Wihgly. The said Bonds has been officially listed on Luxembourg Stock Exchange with effect from October 12, 2006.

Source : Equity Bulls

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