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Hyderabad, Oct. 16

Bhagyanagar India Ltd has announced it has successfully completed the issue and allotment of 150 zero-coupon unsecured foreign currency convertible bonds (FCCB) of $100 each for an aggregate value of $15 million (about Rs 135 crore).

In a notification to the BSE, the company said these bonds, with a conversion price of Rs 44 due in 2011, were allotted to Portman Square, London. These bonds were listed on Luxembourg Stock Exchange on October 12.

(This article was published in the Business Line print edition dated October 17, 2006)
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