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Easun Reyrolle delists FCCBs and GDRs from Singapore Stock Exchange

28 Dec 2013 Evaluate

Easun Reyrolle has delisted Foreign Currency Convertible Bonds (FCCBs) and Global Depository Receipts (GDRs) on Singapore Stock Exchange. The company had earlier raised FCCBs and GDRs aggregating to $57.5 million in the overseas market during December, 2007.

The company redeemed all the FCCBs during December 2012. On the other hand, the underlying GDR equity shares, having been converted into common stock, brought to India. The company therefore delisted both the securities FCCBs and GDRs on Singapore Stock Exchange.

Easun Reyrolle established in 1980, is a leading Company providing complete range of Power Management Products, Systems, Solutions and Services spread across Generation, Transmission, Distribution and Industrial Application Segments.

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