Himadri Chemicals to issue FCCBs to IFC

Himadri Chemicals & Industries Ltd has announced that the Board of Directors of the Company at its meeting held on March 03, 2009, inter alia, has approved the issue of Foreign Currency Convertible Bonds (FCCB) up to USD 12.5 millions to International Finance Corporation (IFC).

The Board also approved raising loan in Foreign Currency in form of External Commercial Borrowing (ECB) up to USD 12.5 millions from International Finance Corporation (IFC).

The stock closed the day at Rs.78.20, down by Rs.0.80 or 1.01%. The stock hit an intraday high of Rs.84.60 and low of Rs.78.15.

The total traded quantity was 43332 compared to 2 week average of 7275.

Source : Equity Bulls

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