KEI Industries FCCB Issue of US$ 36 Million opens

KEI Industries Ltd has announced that the Company's Issue of US$ 36,000,000 one percent Foreign Currency Convertible Bonds (FCCB) due 2011 will open for subscription on November 27, 2006 and close on November 29, 2006.

Further the Company has informed that, the FCCB Issue size has been revised from US$ 30 Million with an additional over-allotment Option of US$ 5 Million (green-shoe option) to US$ 36 Million.

M/s. Elara Capital Plc, London NW1 5JX, United Kingdom acted as Lead Manager, Global Co-ordinator and Bookrunner to the Issue and Crawford Bayley & Co., N.G.N. Vaidya Marg, Mumbai acted as Legal Advisor to the Issuer.

Source : Equity Bulls

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