Fccb

Zee's Securities Issue & Allotment Committee approves FCCBs worth $239 mn

Zee Entertainment on Tuesday said the Securities Issue and Allotment Committee of the company has approved the allotment of foreign currency convertible bonds (FCCBs) worth USD 239 million to investors. In a regulatory filing, Zee Entertainment Enterprises Limited said it has considered and approved the allotment of FCCBs of up to USD 239 million (around Rs 2,000 crore) maturing in 10 years on a private placement basis to Resonance Opportunities Fund, St John's Wood Fund Ltd and Ebisu Global Opportunities Fund. On July 16, the board of Zee Entertainment Enterprise Ltd (ZEEL) approved the raising of funds through FCCBs with a coupon rate of 5 per cent of up to USD 239 million from investors - Resonance Opportunities Fund, St. John's Wood Fund Ltd and Ebisu Global Opportunities Fund. These FCCBs will not be listed on any of the stock exchanges, it had said. However, investors who choose to convert their bonds into shares will pay Rs 160.20 per share. "In case of conversion of all FC

Bharti Airtel to allot 3.86 million equity shares to certain FCCB holders

Bharti Airtel on Friday said it will allot 38.6 lakh equity shares to certain FCCB holders at a conversion price of Rs 518 per equity share. This follows receipt of notice for conversion of FCCBs (Foreign Currency Convertible Bonds) of principal value of USD 27,795,000 from the FCCBs holders. Accordingly, it said, the paid-up equity share capital of the company has increased. The telco's committee of directors for fundraising approved the allotment of shares to these FCCB holders on Thursday, according to a regulatory filing. "...upon receipt of notices for conversion of FCCBs of principal value of USD 27,795,000 from certain FCCBs holder(s), the Special Committee of Directors for Fund Raising has, today, that is on February 01, 2024, approved the allotment of 3,864,800 fully paid-up equity shares of face value Rs 5 each at a conversion price of Rs 518 per equity share to such holder(s) of FCCBs," the filing said. FCCB is a debt instrument to raise funds from overseas market. Such

Airtel approves allotment of 1.4 mn equity shares to certain FCCBs holders

Bharti Airtel on Friday said its committee of directors has approved allotment of 14.16 lakh fully paid-up equity shares at a conversion price of Rs 518 per equity share to certain Foreign Currency Convertible Bond (FCCB) holders. This followed the receipt of notice for conversion of FCCBs of principal value of USD 10,188,000 from the FCCBs holders. "We wish to submit that upon receipt of notice for conversion of FCCBs of principal value of USD 10,188,000 from certain FCCBs holders, the special committee of directors for fund raising has, today approved the allotment of 1,416,607 fully paid-up equity shares of face value Rs 5 each at a conversion price of Rs 518 per equity share to such holders of FCCBs," Bharti Airtel said in a BSE filing. Put simply, FCCB is a quasi-debt instrument. While it serves as a bond by making regular coupon and principal payments, these instruments also grant the bondholder, stock conversion option. "This is in reference to the USD 1,000 million 1.50 per

Suzlon Energy announces early redemption of FCCBs worth $35.9 million

Suzlon Energy on Wednesday announced early redemption of USD 35,931,200 Foreign Currency Convertible Bonds (FCCBs) which were due for payment in 2032. "This is to inform that the company has redeemed the entire outstanding FCCBs at their principal amount aggregating to USD 529,338.11 together with accrued but unpaid interest thereon up to the redemption date @ 1.25 per cent per annum amounting to USD 1,378.48 in accordance with terms of FCCBs," the company said in a BSE filing. It stated that the company has redeemed early FCCBs worth USD 35,931,200 due in 2032. Accordingly, the FCCBs have been cancelled and will be delisted from the Singapore Exchange Securities Trading Limited. Following the redemption, there are no outstanding FCCBs in issue.

Indiabulls Hsg Fin allots over 3 mn shares at Rs 234 apiece to FCCB holders

On September 28, 2021, upon conversion of FCCBs, it had allotted bonds for an aggregate $165,000,000 (4.50 per cent)

Indiabulls Housing Finance jumps 4% on $165 mn FCCBs issue plan

On Tuesday, the company announced successful raising of Rs 807.83 crore by way of issuance of Non-Convertible Debentures

ED attaches Rs 3-cr assets in FCCB fraud case by Mumbai firm

The agency registered a PMLA case in February this year based on an FIR filed by the Mumbai Police Economic Offences Wing