Aksh Optifibre is in discussion with the bond holders for settlement/re-structuring of the outstanding FCCBs on the terms and conditions as agreed between the company and the bond holders. The said FCCBs have matured on January 08, 2013.
The company had issued FCCBs aggregating to $20 million in January 2008, for a term of 5 years 1 day, due to mature on January 08, 2013. Of the said issue, FCCBs aggregating to $7.00 million were converted into equity shares and FCCBs aggregating to $13.00 million remained outstanding.
Aksh Optifibre is engaged in the production of a variety of cables such as - SingleMode & MultiMode Cables, Duct Cables, Armoured & Aerial Cables, Indoor Outdoor Cables. The company has also the facilities of producing ribbon Fibre Optic.
