Ltd has announced that it has successfully launched and
priced an accelerated zero coupon $100-million foreign
currency convertible bonds (FCCB) offering.
bonds have a tenure of five years and are convertible
into equity shares at a premium of 50 per cent to the
BSE closing price of Rs756.05 as on December 06, 2005.
The yield to maturity (YTM) of the bonds is set at 6.05
per cent per annum.
bonds are expected to be listed on the Singapore Stock
Exchange. The offering was launched after market trading
hours on December 06, 2005. Merrill Lynch acted as the
sole book-runner to the transaction.