Murli Industries Allots FCCBs for US$ 23 million

Murli Industries Ltd has announced that the Company has successfully completed the offering and allotment of US$ 23 million Zero Coupons Unsecured Foreign Currency Convertible Bonds.

The bonds will have a maturity period of 5 years and 1 day and shall be convertible in to equity share at an initial conversion price of Rs 565 per share.

The proceeds (net of fees and expenses) from this offering are expected to be used towards capital expenditure including expansion of the Projects and other uses permitted under applicable law or regulations from time to time.

Elara Capital Plc of U.K. has been the sole Lead Manager to the Issue.

Source : Equity Bulls

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