| India Inc takes swap route to beat FCCB redemption blues | 21-NOV-09 |
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| Indian companies have discovered a new path to beat the redemption pressure on their Foreign Currency Convertible Bonds (FCCBs). They are swapping the old FCCBs, which had high conversion premium, with new bonds at a much lower rate. |
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| REI Agro raises $105 mn through FCCBs | 13-NOV-09 |
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| Rice processing and marketing firm REI Agro today said it has raised $105 million (about Rs 486 crore) through the issue of convertible bonds in the international market. |
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| Suryajyoti eyes Rs 160 cr export revenues | 12-NOV-09 |
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| Hyderabad-based yarn producer Suryajyoti Spinning Mills Limited is expecting to garner export revenues of Rs 160 crore once its weaving and processing (finished product) plant on the city outskirts reaches full capacity utilisation of 18 million metre per year in the next six months. |
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| India Inc prefers other sources to bank funds | 09-NOV-09 |
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| Bank credit fell sharply in the first half of the financial year, but the overall funds flow to the corporate sector was virtually the same as the corresponding period last year. |
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| Tata Power to raise $250 million | 07-NOV-09 |
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| India’s largest private sector power utility Tata Power Company today said it planned to raise $250 million (Rs 1,170 crore) by issuing foreign currency convertible bonds (FCCBs) to fund its power projects. |
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| Tata Power launches FCCB Offering of upto US$ 300 mn | 06-NOV-09 |
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| The Tata Power Company Limited, India’s largest Private Power Company has launched and priced a US$ 250 Million+ upsize option of US$50 Million, 5 years and 1 day, 1% - 1.75% coupon Foreign Currency Convertible Bond/Bonds (FCCB) offering subject to fulfillment of certain conditions to the closing of the Issue. |
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| Gulf Oil's rights issue likely in Dec | 03-NOV-09 |
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| Gulf Oil Corporation Limited (GOCL), a Hinduja Group company, is planning to come out with a 3:1 (three shares for every share held) rights issue in December, this year, to raise Rs 80 crore to support its working capital requirements. |
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| Firstsource Q2 net up 2.8% y-o-y | 28-OCT-09 |
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| Firstource posted net profit of Rs 29 crore for the second quarter ended September 30, 2009, a rise of 2.8 per cent from Rs 28.3 crore in the corresponding quarter last financial year. |
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| Subex up 5% | 23-OCT-09 |
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| The Subex scrip rose 5 per cent to Rs 89.25 after the Reserve Bank of India allowed the company to proceed with a proposed restructuring of unsecured foreign currency convertible bonds by way of an exchange offer. |
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