Sterling Biotech Ltd completes cashless exchange offer of FCCBs

Sterling Biotech Ltd has announced "Completion of Cashless Exchange Offer i.e. issue of Fresh Zero Coupon Foreign Currency Convertible Bonds due 2019 amounting to USD 206,464,000 (Fresh FCCBs) in cashless exchange of existing Zero Coupon Foreign Currency Convertible Bonds due 2012 (Existing Bonds), of which US$134,500,000 in Principal amount remained outstanding ("Cashless Exchange Offer").

Shares of STERLING BIOTECH LTD. was last trading in BSE at Rs.8.48 as compared to the previous close of Rs. 8.77. The total number of shares traded during the day was 93654 in over 489 trades.

The stock hit an intraday high of Rs. 8.95 and intraday low of 8.41. The net turnover during the day was Rs. 811541.

Source : Equity Bulls

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