Pokarna has redeemed the outstanding Foreign Currency Convertible Bonds (FCCB) with face value of $2.461 million on December 19, 2014. Earlier, the company had issued Zero Coupon FCCB aggregating $12 million which was due for redemption on March 29, 2012. The Company has in the past redeemed FCCB of $9.539 million.
With this last leg of redemption, FCCB issued by the Company have been fully redeemed and therefore now cease to exist.
Pokarna is the India's No.1 granite company and one of the largest exporters of natural stone from India dealing in over 80 premium colors and exporting to different parts of globe.
