Aanjaneya Life defers FCCB issue, shares near all-time low

Aanjaneya Lifecare is locked at 5 percent lower circuit after the company decided to defer the issue of foreign currency convertible bonds (FCCBs) till further notice.

The deferral was due to unfavourable market circumstances, the company said in its statement.

In a meeting held on March 5, Aanjaneya had decided March 12 as the date of opening for issuance of FCCB up to USD 75 million.

Shares plunged more than 70 percent in last one month and moved near historic low of Rs 224. The share price fell for the 13th consecutive session today.

At 11:00 hours IST, the stock was quoting at Rs 232.10, a new 52-week low.

There were pending sell orders of 413,468 shares, with no buyers available.

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