Bhagyanagar India Board Meeting approves FCCB issue

Bhagyanagar India Ltd has announced that the Board of Directors of the Company at its meeting held on September 29, 2006, has approved the issue and allotment of US $ 15,000,000 zero coupon Unsecured Foreign Currency Convertible Bonds due 2011 subject to the completion of relevant formalities in the said regard. The Company has appointed M/s Silverdale Services Ltd, UK as Lead Manager to the Issue.

Source : Equity Bulls

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