Redemption of FCCBs due 2011

Reliance Communications Ltd has informed BSE that, in accordance with the terms of issue of US$ 500 million Zero Coupon Foreign Currency Convertible Bonds (FCCBs) issued in May, 2006, the Company has redeemed all outstanding FCCBs by making payment on due date i.e. May 09, 2011.

In view of above, the Company would not be required to allot 2,74,13,085 equity shares of Rs. 5 each arising out of conversion of the said FCCBs.

Source : BSE - >www.bseindia.com

Published on May 10, 2011
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