Assam Company Issues FCCB worth US$ 40 million

Assam Company Ltd has announced that the Company has issued US $ 40 million Foreign Currency Convertible Bonds (FCCBs) with an over allotment option for an additional US $ 10 million of bonds, exercisable in one or more trenches.

The Company has issued US $ 44 million of Foreign Currency Convertible Bond in the Board Meeting held on November 09, 2006.

Mr. Abhay Chawdhry has been appointed as Director Finance and C.F.O. of the Company. Mr. Amir Ahsan has resigned from the Board of Directors of the Company.

Source : Equity Bulls

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