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Who has authorised the issuance of up to $400 million, 5 per cent unsecured Foreign Currency Convertible Bonds (FCCBs) on a private placement basis?
A)
GMR Group
B)
Gammon India
C)
Reliance Infrastructure
D)
Hindustan Construction Company

Correct Answer : Option (C) - Reliance Infrastructure



The board of infrastructure company Reliance Infrastructure has authorised the issuance of up to $400 million, 5 per cent unsecured Foreign Currency Convertible Bonds (FCCBs) on a private placement basis.
 
The FCCBs shall be convertible into equity shares of ₹10 each of the company as per the FCCBs term, at ₹123 (including a premium of ₹113) per equity share.
 
The tenure of the bonds will be ten years.
 
Each FCCB of $1,000,000 is equivalent to ₹7.94 crore..

Source : The Hindu Businessline

Published On : August 6, 2022
Category : Business and Economics
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