South Asian Petrochem Ltd has informed that the Share / Bond Allotment Committee at its meeting held on January 16, 2008 has considered and approved the following:
1. Approval for signing of Documentation for closing the FCCBs Issue.
2. Approval for allotment of 200 Zero Coupon Unsecured Foreign Currency Convertible Bonds (FCCBs) of US $100,000 each for an aggregate amount of US $20,000,000 with a conversion price of INR 22.50/- and YTM of 6.35%.
The issue was lead managed by M/s Silverdale Services Ltd.
1. Approval for signing of Documentation for closing the FCCBs Issue.
2. Approval for allotment of 200 Zero Coupon Unsecured Foreign Currency Convertible Bonds (FCCBs) of US $100,000 each for an aggregate amount of US $20,000,000 with a conversion price of INR 22.50/- and YTM of 6.35%.
The issue was lead managed by M/s Silverdale Services Ltd.
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