Faze Three allots 8000 FCCBs

Faze Three Ltd has announced that the Board of Directors of the Company at its meeting held on January 12, 2007 has allotted 8000 1.50% Foreign Currency Convertible Bonds of USD 1000 each totaling upto USD 8 Million convertible into equity shares at a price of Rs 17/- per share each (Rs 2/- Face Value and Rs 15/- premium).

Source : Equity Bulls

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