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Prakash Industries update on conversion of FCCBs

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Capital Market

Reduces debt by Rs 110 crore

Prakash Industries announced that it has reduced its debt by around Rs 110 crore on account of conversion of FCCBs. The Company had issued USD 17.85 million FCCBs in September 2015, out of which, USD 17 million bonds have since been converted.

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First Published: Aug 22 2017 | 12:26 PM IST

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