Foreign Currency Convertible Bond

Surheet Singh, CEO and MD of Subex says the conversion of bonds helped to clean up the balance sheet and free up cash. The company will see a huge impact on margins going forward due to FCCB conversion, he added.

Aban Offshore to raise up to $400 mn via various instruments

Offshore drilling contractor Aban Offshore proposed to raise long-term resources of up to USD 400 million through various instruments and its Board also gave its approval for the same, the company said on May 23

Sakthi Sugars settles $11.7mn worth of FCCBs at 65% value

Sakthi Sugars has reached a settlement with bondholders with respect to foreign currency convertible bonds (FCCBs) worth USD 11.7 million, in which it would pay its lenders about 65 percent of the bonds face value.

FCCB default: Suzlon debtors may agree to $500mn settlement

Lenders of Suzlon Energy have agreed to a settlement in relation with a USD 200 million default that took place in October 2012. Sources told CNBC-TV18 that holders of Suzlon's foreign currency convertible bonds (FCCBs) have decided not to move court after the energy firm agreed to issue fresh five-year bonds worth USD 500 million.

Sintex Industries looks good from investment angle: Tulsian

SP Tulsian of sptulsian.com feels Sintex Industries looks good from investment angle as well as from short-term trading angle.

Wockhardt to seek Bombay HC nod for Danone deal

Last night, troubled pharma major Wockhardt agreed to sell its nutrition business to French giant Danone. But CNBC-TV18 learns that it is not all hunky dory for the company as the deal may face objections from Wockhardts’ lenders.

Looking for funds? Come to us, says RBS to India Inc

Madan Menon, head of global banking for Southeast Asia, RBS said, " if corporates require refinancing, it's our role to ensure that we assist them to pay down the convertible bond that hasn't converted.

Amtek Auto redeems FCCBs for $146 m

Auto component maker Amtek Auto on Thursday said that it has redeemed its convertible bonds, which were due for maturity for USD 145.97 million (about Rs 654.33 crore).

Total debt including FCCBs is Rs 300 crore: Pidilite

Pidilite industries is in the limelight regarding the announcement of a Foreign Currency Convertible Bond issuance to an investor. Sandeep Batra, CFO joins CNBC-TV18 to detail the company move.

Mumbai court admits winding-up petition against Wockhardt

Drugmaker Wockhardt Ltd said on Monday a Mumbai court had admitted an petition for winding up the company.