Simbhaoli Sugars cancels $4.5 mn FCCB

Simbhaoli Sugars has cancelled its further $ 4.5 million foreign currency convertible bonds (FCCBs) which the company issued in March, 2006.

The company's board took the decision in this regard today.

On the Bombay Stock Exchange, the company's share price was trading at Rs 57.50, up 2.95 per cent at IST 1439.