Clarification regarding revision of conversion price of Foreign Currency Convertible Bonds

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..... Clarification regarding revision of conversion price of Foreign Currency Convertible Bonds
News and Press Release
Dated:- 17-3-2010

Clarification regarding revision of conversion price o .....

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..... f Foreign Currency Convertible Bonds Dated 15-3-2010 In continuation to the Press Note dated 15th February, 2010 regarding the amendment to the "Issue of Foreign Currency Convertible Bonds and Ordin .....

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..... ary Share (Through Depositary Receipt Mechanism) Scheme, 1993," (the Scheme) permitting revision of conversion price of FCCBs, It is clarified that for the purpose of revision of conversion price in a .....

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..... ccordance with the conditions mentioned in Press Note dated 15th February, 2010, the 'relevant date' mentioned under the pricing norms in Clause 5 (4)(D) of the Scheme would mean the date of the meeti .....

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..... ng in which the Board of the company or the committee of Directors duly authorized by the Board of the company decides to revise the conversion price of the existing FCCBs. 2. However, for all other .....

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..... purposes the definition of 'relevant date' would remain as prescribed in Press Note dated 27th November, 2008. Press Note [F.No. 9/3/2009-ECB]
News - Press release - PIB .....

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