Man Industries (India) has repurchased Zero Coupon Foreign Currency Convertible Bonds (FCCBs) worth $0.2 million of face value, listed on the Singapore Exchange Securities Trading, at discount in accordance with permission of Reserve Bank of India.
The cancellation & extinguishment of the same will be done as per the terms of the Offering Circular.
Man Industries is an ISO 9001/14001/18001 accredited company, is a leading manufacturer of SAW Pipes and coating system for high pressure Oil & Gas applications with a potential production capacity of approximately one million MT of SAW Pipes per annum.