Simbhaoli Sugars resets FCCB conversion price to Rs 153

Simbhaoli Sugars Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 31, 2008, inter alia, to consider the reset price for conversion of the 0% Foreign currency Convertible Bonds (FCCB) issued by the Company on March 10, 2006 with a maturity on March 11, 2011 from Rs 170/- to Rs 153/- per equity share of the Company.

Source : Equity Bulls

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