Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Simbhaoli Sugars Ltd. > News item |
Simbhaoli Sugars may lower conversion price on zero-coupon bonds due 2011
By Devika Patel
Knoxville, Tenn., March 18 - Simbhaoli Sugars Ltd. informed the Bombay Stock Exchange that its board will consider lowering the conversion price on the company's zero-coupon foreign currency convertible bonds at a meeting on March 31.
If lowered, the price will be reset to Rs. 153 from Rs. 170. The bonds were issued on March 10, 2006 and mature on March 11, 2011.
Simbhaoli is a Simbhaoli, India-based sugar refiner.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.