Rajesh Exports repays FCCB worth $22.38 million

09 Mar 2012 Evaluate

Rajesh Exports has cleared all its obligations towards the issue of Foreign Currency Convertible Bonds (FCCB) well within the required time. The company has fully discharged its obligation towards the bond holders, by making a payment of $22,381,493.31 on time.  

Earlier, the company had issued 1500 FCCB of $100,000 each totaling a value of $150 million on February 22, 2007. The bonds were overwhelmingly received in the international market and the issue was oversubscribed. Investors opted for a conversion of 1349 bonds into equity shares. The last of the equity share from the converted bonds was issued in February 2011.

Rajesh Exports is manufacturer of gold and diamond jewellery. The company has its presence in entire jewellery cycle starting from refining of gold to marketing of jewellery. The company designs jewellery according to market trend and has a portfolio of 29,000 designs.

Rajesh Exports Share Price

303.85 12.10 (4.15%)
10-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Titan Co 3291.10
Kalyan Jewell.India 410.85
Rajesh Exports 303.85
Sagar Diamonds 30.00
Senco Gold 883.85
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.