Man Industries adjusts conversion price of FCCBs

Man Industries India Ltd has announced that the Company had issued Foreign Currency Convertible Bonds (FCCB) vide its offering circular dated May 22, 2007 aggregating US $ 50,000,000 zero percent Convertible Bonds due 2012 and it provides for a Conversion Price Reset based on the pre fixed criteria.

Accordingly as on the Reset date as per terms of the Offering Circular, Conversion Price has been adjusted in accordance with the pre fixed criteria.

Source : Equity Bulls

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