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Fortis Healthcare receives Notice for conversion of FCCBs

Capital Market 

Into 1,80,70,650 equity shares

announced that the Company has issued USD 30 Million Foreign Currency Convertible Bonds due 2018 (FCCBs) through an Offering Circular listed on Singapore Stock Exchange in the year 2013. The maturity date/ last date of conversion of FCCBs is 01 August 2018.

The Company has received Conversion Notice from DB Trustees (Hong Kong) (the trustees) that the investor Standard Chartered Private Equity (Mauritius) III Limited (SCPE) has requested for conversion of entire FCCBs into equity equivalent to 1,80,70,650 equity of Rs. 10 each @ Rs.99.09 per with a fixed rate of exchange on conversion of Rs 59.6875 = U.S.$1.00.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 29 2016. 14:09 IST