Prakash Industries has received an approval for issuing new Foreign Currency Convertible Bonds (FCCBs) with a tenure of 5 years 1 day in lieu of all its outstanding obligations on the 5.25% April, 2015 FCCBs subject to having obtained all necessary consent, approvals and compliance with all applicable laws and regulations in relation to the issue, without limitation, obtaining the approvals from RBI, SEBI, Stock Exchanges and shareholders, wherever required.
The board of directors at its meeting held on May 22, 2017 has approved for the same. The relevant date as per the SEBI ICDR Regulations for this issue will be May 22, 2017 and accordingly the floor price in respect of the aforesaid issue be determined.
Prakash Industries is an integrated steel and power company. Its products include coal mines, iron ore mines, sponge iron, power, steel melting shop and ferro alloys.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: