Board of Prakash Industries approves issuance of new FCCBs in lieu of April 2015 FCCBs

At meeting held on 22 May 2017

The Board of Directors of Prakash Industries at its meeting held on 22 May 2017 has approved the issue of new FCCBs with a tenure of 5 years 1 day in lieu of all its outstanding obligations on the 5.25% April, 2015 FCCBs subject to having obtained all necessary consent, approvals and compliance with all applicable laws and regulations.

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