Pioneer Embroideries buybacks FCCBs aggregate worth $11.00 million
Date: 06-01-2014Pioneer Embroideries has bought back, for cancellation, entire outstanding FCCBs of aggregate Face Value USD 11.00 million, on December 30, 2013.
Pioneer Embroideries Limited is one of the largest manufacturer-exporter of embroideries, Torchon/Bobbin laces, Raschel laces and other garment accessories. It is also the proud owners of the no.1 retail brand for embroidered clothing 'Hakoba'.