Alok Industries raises $60mn via FCCBs

Alok Industries has raised $60 million through the issue of 1%unsecured Foreign Currency Convertible Bonds (FCCBs).

According to a release issued by Alok Industries to the BSE, the company accordingly has issued and alloted 1200 FCCBs at face value of $50,000 each.

The issue also carries a greenshoe option of $10 million exercisable within a period of one month from the listing of the FCCBs.