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Corporate - Overseas Borrowings


Prajay Engg converts FCCBs

Our Bureau

Hyderabad , May 19

The allotment committee of the board of directors of Prajay Engineers Syndicate Ltd at its meeting held on Friday has allotted 3,69,090 equity shares of Rs 10 each fully paid-up at a conversion price of Rs 75 per share to the FCCB holders. The company informed the stock exchanges that Swiss Finance Corp (Mauritius) Ltd was allotted 2,90,432 equity shares, while Kuvera Fund Ltd was allotted 78,658 equity shares.

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