Aarvee Denims & Exports has redeemed 0% coupon foreign currency convertible bonds (FCCBs) having face value of $4 million with YTM/ redemption premium at 48.02%, in accordance with the terms of issue. With such redemption, there is no bonds / securities issued by the company having convertibility option.
Further, the company received a letter dated April 18, 2012 from Bank of New York Mellon Singapore (The trustee) to the issue of such FCCBs confirming that the bonds are fully redeemed and there is no outstanding on this account.
Aarvee Denims & Exports is among the leading global players in the textile industry. It manufactures denim garments such as jeans, trousers, jackets, shirts, etc. for men, women and kids. It also produces cotton garments and home textiles.
Company Name | CMP |
---|---|
Raymond | 2159.70 |
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Ludlow Jute &Special | 84.66 |
KG Denim | 25.77 |
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