McNally Bharat Allots FCCBs for US$ 10 million

McNally Bharat Engineering Company Ltd has announced that the Allotment Committee of Directors of the Company at its meeting held on October 19, 2006 has allotted 4.5 per cent Unsecured Foreign Currency Convertible Bonds (FCCBs) due 2011 (Bonds) amounting to US$ 10 million. The issue was managed by Elara Capital Plc, U.K. The minimum price of conversion shall be Rs 143/- per share. The Bonds shall be listed in Luxembourg Stock Exchange.

Source : Equity Bulls

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