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Castex Technologies - Outcome of Board Meeting

By Religare
|

Castex Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 31, 2015,
has decided to mandatorily convert all the outstanding bonds of US $ 80.80 Million out of FCCB Issue of US $ 130 Million. The conversion date for conversion of Bond into Equity Shares, would be September 10, 2015.

Further, the Board has also decided to mandatorily convert all the outstanding bonds of US $ 56.60 Million of FCCB Issue out of US $ 70 Million. The conversion date for conversion of Bond into Equity Shares, would be September 25, 2015.

In view of the above, The Board has also approved issuance of mandatory conversion notices, in terms of the bond documents.




Story first published: Friday, July 31, 2015, 12:20 [IST]
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