Gayatri Projects (GPL) has redeemed over 2,190 million Japanese yen (JPY) to the Trustee’s account towards redemption of foreign convertible currency bonds (FCCBs) that matured on August 3, 2012.
The company had outstanding FCCBs of a value of over JPY 2,750 million due to be redeemed on August 3, 2012, and that the company had already made a payment of over JPY 560 million to the bondholders. Now, it has remitted to Bank of New York Mellon Account, Brussels (Trustee’s account) JPY 2,190 million for redeeming the balance outstanding amount to the bondholders.
The repayment has been part financed by internal accrual and partly through an External Commercial Borrowings worth JPY 1,900 million from IDBI Bank.
Gayatri Projects, an ISO 9001 - 2000 company, is one of the fastest growing construction companies in India executing major civil works including construction of concrete/masonry dams, earthen dams, national highways, bridges, canals, aqueducts, airports, ports, etc.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
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