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KARUTURI GLOBAL LTD. - Bond holders approve Restructuring of outstanding Foreign Currency Convertible Bonds (FCCBs) issued by the Karuturi Global Limited (the "Company") on October 12, 2007
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06 Mar 2013
With reference to the earlier announcement dated August 13, 2012 regarding subject to such approval, Board of Directors of the Company has approved restructuring of Foreign Currency Convertible Bonds (FCCBs) amounting 55.07 MN USD (including interest), Karuturi Global Ltd has now informed BSE that the bondholders of outstanding FCCBs of US$ 39,000,000, which was matured on October 19, 2012, have approved the restructuring proposal by passing a written resolution, which involves extension of maturity of the FCCBs, part redemption of the FCCBs and part refinance by cashless exchange of FCCBs for New FCCBs. The Company has made an application to the Reserve Bank of India (RBI) for necessary approval under the extant ECB Guidelines.
View all announcements for KARUTURI GLOBAL LTD. Source: BSE India