Jaiprakash Power Ventures Limited allots shares on conversion of FCCBs
Jaiprakash Power Ventures Limited allots shares on conversion of FCCBs Posted On: 2020-12-28 00:42:52 (Time Zone: Arizona, USA) Pursuant to the Second Supplementary Trust Deed dated 13th December, 2019, all the outstanding Foreign Currency Convertible Bonds (FCCB) aggregating to US $ 101,421,203 were mandatorily converted into equity shares of the Company. Accordingly, FCCBs representing US$ 83,358,594 (equivalent to INR 591,21,41,600 @ 1 US$ = INR 70.9242) were converted into 49,26,78,462 equity shares of Rs.10/- each at a conversion price of Rs.12/- per share upon mandatory conversion ...
Source: equitybulls.com