KEI Industries has successfully redeemed the outstanding Foreign Currency Convertible Bonds (FCCBs) of $16.60 million together with redemption premium and interest, totaling to $23.42 million. With this payment, the entire FCCBs liability has been extinguished.
The company had issued FCCBs aggregating to $36 million on November 29, 2006. After conversions and buyback / repurchase of FCCBs totaling $19.40 million from time to time, FCCBs of $16.60 million were outstanding for redemption / payment on maturity date i.e. November 30, 2011.
The company has made the repayment of FCCBs as per schedule/ in line with the terms and conditions of the FCCB offering circular, underlining the company's strong fundamentals and values.
KEI Industries was incorporated for prime business activity of manufacturing house-wiring rubber cables. The product portfolio of KEI consists of three main segments; cables, Stainless Steel (SS) Wires and Winding, Flexible and House Wiring. The company has production facilities at Bhiwadi, Chopanki (Rajasthan) Silvassa.
| Company Name | CMP |
|---|---|
| Polycab India | 8184.95 |
| KEI Industries | 4841.10 |
| RR Kabel Ltd. | 1475.45 |
| Finolex Cables | 943.60 |
| Precision Wire India | 377.20 |
| View more.. | |
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