Prithvi Information launches FCCB issue

Prithvi Information Solutions Ltd has announced that the Company has launched a USD 50,000,000 Zero Coupon Foreign Currency Convertible Bonds Due 2012 (the Bonds) Offering (the Offering). The Offering has been approved by the shareholders of the Company by way of a special resolution at their Annual General Meeting held on September 29, 2006. The Bonds will be listed on the Singapore Exchange Securities Trading Ltd. The Offering has been fully subscribed and the conversion price for the Bonds has been fixed at Rs 469.13 per equity share. The yield to maturity on the bonds would be 8.58%.

Edelweiss Capital Ltd acted as the Placement Agents and Adviser to the Company for this Offering.

Source : Equity Bulls

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