MUMBAI: Despite uncertain market conditions, some holders of foreign currency convertible bonds (FCCBs) have exercised their option to convert bond holdings …

Fame India shares gain on higher open offer talks

With share price inching towards Rs 90, Fame India might see conversion of its foreign currency convertible bonds. “Fame’s FCCBs are coming up for …

Vedanta launches USD 775 million convertible bond

Reuters reported that Vedanta launched USD 775 million convertible bond issues on Tuesday, seeking to refinance debt at lower interest rates. …

$805 mn bond issue by Vedanta rated ‘BB’ by Standard & Poor’s

… Kolkata Standard & Poor’s Ratings Services on Friday assigned its ‘BB’ rating to the proposed US$805 million convertible bonds due 2017 issued by …

‘Full Tariff Rate business is hardly 3% of the total’

To fund that, we are raising another series of FCCBs (foreign currency convertible bonds) and are considering an equity issue also. …

more useful information

• Convertible Bond ETF (CWB) Under The Microscope | ETF Database
• Reliance Mediaworks' Hostile Bid For Fame
• Reliance Cap ups Fame India stake to 13.79%; stk up
• India Inc may hire more women this year: Experts | News

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… raised about $4.7 billion (Rs 21620 crore) in the current financial year through American Depository Receipts, Foreign Currency Convertible Bonds etc. …

Hold Tata Power, target Rs 1499: Firstcall Research
Vedanta returns to CB market

London-listed Indian metal and mining firm Vedanta Resources returned to the convertible bond (CB) market, raising US$805 million from a seven-year CB on …

Karuturi to raise Rs 700 cr through FCCBs, debt

FCCBs are convertible bonds and is a mix of debt and equity. It acts like a bond by making regular coupon and principal payments, but these bonds also give …

Inox to raise bid price for Fame India

Secondly, Fame did not disclose a pre-existing financial arrangement with inox and thirdly, foreign currency convertible bonds by Fame did not adhered to …

Foreign funds sneak into property business

Buy Sell Rent Properties in India … No rules are broken and the deals, involving a three-way transaction, come across as normal private placements in the corporate bond market. It begins with a real estate company placing non-convertible debentures (NCDs) with a local entity like a non-banking finance company (NBFC) to borrow. The next step involves listing the debt security, soon after which an FII steps in. Once the NCD is listed in the stock exchange, …

Subex sees bright prospects ahead · Telecom Billing OSS News Review

Some of the initiatives that were critical to the turnaround were cost control, moving work from overseas to India and continued investment in R&D for new product development. A clear sign of this turnaround were the 12 … The restructuring of its Foreign Currency Convertible Bonds (FCCBs) that were set to mature in March 2012 played a very significant role in regaining shareholder and investor confidence.

FTSE falls 0.3 pct, pressured by oils, miners | Local World News …

The India-based miner priced $805 million of convertible bonds on Wednesday — $30 million more than announced — with a 4 percent coupon. The coupon was at the top of the expected range of 3.5-4.0 percent. ID:nLDE622081 …

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2. FCCB Holders Help Save Debt Blushes … And More
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In another twist to the war of words between Reliance MediaWorks (which operates BIG Cinemas) and theatre chain Fame India, the latter’s managing director, Shravan Shroff, told Business Standard today that “Reliance Media had not made any written offer to me on a higher price”.

‘Hold` Rolta India, target Rs 20: Firstcall

Firstcall has recommended a `Hold` on Rolta India (Q,N,C,F)* with a price target of Rs 220 as against the market price (CMP) of Rs 185 in its report dated Feb. 6, 2010.

SBI defers retail bond issue to next fiscal

State Bank of India (SBI) has postponed plans to raise Rs 500 crore through a retail issue of non-convertible debentures to the next financial year even as L&T Finance is set to do the exact opposite.

Growing SpiceJet returns to profit

SpiceJet reported a company record INR1.09 billion ($23.5 million) profit in its fiscal third quarter ended Dec. 31, reversed from a INR179.6 million deficit in the year-ago period….

PTC Financial Services raises Rs 100 cr via debentures

PTC India Financial Services Ltd, promoted by PTC India Ltd, on Monday said it has raised Rs 100 crore by issuance of non-convertible debentures.

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