Linde India has informed that the Company has restructured two of its existing ECBs availed from Linde AG, which were earlier denominated in Euro with on-shore hedging. As per the amendment to the ECB Agreements, the currency of the ECBs has changed from Euro to INR by way of off shore hedging and the repayment period of the ECBs has now been deferred from 2016/17 to 2020. As a result of this restructuring, the existing hedge on the ECBs has been unwinded and the restructured ECBs are now denominated in INR with a lower all-in cost.
The above information is a part of company’s filings submitted to BSE.
