VIDEOCON INDUSTRIES LTD. - Videocon Industries Limited announces the launch of USD 97.20 million Convertible Bonds due 2020 (the "Bonds")
| < Back | |
| 17 Nov 2015 | |
| Videocon Industries Ltd has informed BSE that on November 16, 2015, the Company has launched Issue of Foreign Currency Convertible Bonds convertible into ordinary equity shares, in exchange of a part of outstanding amount of existing US$200,000,000 6.75 per cent. Convertible Bonds due 2015, subject to the acceptance of the exchange offer by the requisite majority of the bond holders and subject to other statutory approvals.<BR><BR>The Company shall make an application to the Singapore Exchange Securities Trading Limited for the Bonds to be listed; and for in-principle approval for the Shares to be issued upon conversion of the Bonds to be listed on the National Stock Exchange of India Limited and the BSE Limited.<BR><BR>The Company has already obtained the approval of its shareholders by a special resolution passed on June 27, 2015 for the issue of the Bonds and for issue of the Shares upon conversion of the Bonds.<BR><BR>Credit Suisse is the Sole Bookrunner for the offering. | |
| View all announcements for VIDEOCON INDUSTRIES LTD. | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback