Debt-ridden Jaiprakash Associates has completed the exercise to exchange its $150 million foreign currency convertible bonds (FCCBs) due this year with those maturing in 2020-21.
Recently, the company’s finance committee approved cashless exchange of existing FCCBs due in 2017 with those maturing in 2020-21. Earlier this month, the RBI had approved the proposal. The company had fixed November 28 as the effective date for restructuring.
Jaiparaksh Associates is a diversified infrastructure company and is engaged in segments such as engineering, construction and real estate development, manufacture and marketing of cement, hospitality and sports management.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4050.00 |
| Rail Vikas Nigam | 296.30 |
| NCC | 160.45 |
| KEC International | 559.60 |
| Kalpataru Projects | 1240.45 |
| View more.. | |
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