 "Videocon Industries redeems $194.40 million FCCBs")
"The company has fully redeemed FCCBs aggregating to $194.40 million which were issued in December 2010," Videocon Industries said in a BSE filing today.
The company paid an amount of $97.2 million (Rs 644.87 crore) along with applicable interest and fees in cash and issued another series of foreign currency convertible bonds of amount $97.2 million on December 30, 2015 as apart of redemption process.
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In December 2010, the company had announced raising $200 million to finance its new and existing projects.
The firm had said the proceeds will be used in overseas direct investment in joint ventures and wholly-owned subsidiaries and other purposes.
Shares of Videocon Industries were trading at Rs 122.30 apiece, up 0.99% from its previous close on the BSE.
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