Jaiprakash Associates Ltd has informed BSE that out of the total FCCB-II Bonds having face value of Euro 165 million, Bonds having face value of Euro 163,294,000 were converted so far, leaving an outstanding balance of Euro 1,706,000.
Further the Company has informed that on April 09, 2011, bond holders holding 1451 bonds having face value of Euro 1,451,000 had used there "OPTIONAL PUT RIGHT" in terms of Clause 8.6 of the offering circular dated March 06, 2006. The Company has remitted an amount of Euro 1,777,379.07 representing the 'Accredited Principal Amount' together with accrued but unpaid interest in terms of Clause 8.6.1 and 8.7 of the offering circular.
With the aforesaid, the FCCB-II still outstanding have a face value of Euro 255,000 only.Read More
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Sunday, April 17, 2011
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