Outcome of Board Meeting

Gayatri Projects Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 20, 2012, inter alia, considered the options of managing the Foreign Currency Convertible Bonds (FCCB) liabilities of the Company with prior consent of the Bondholders through various initiatives such as amending the terms and conditions of the outstanding Foreign Currency Convertible Bonds issued on August 02, 2007 ("FCCBs"), including but not limited to tenor, interest rate, yield to maturity, other methods of extinguishing FCCBs, including and not limited to repurchase, redemption, either wholly, partly or in tranches etc., or restructuring of FCCBs in compliance with applicable regulations.

Source : BSE - >www.bseindia.com

Published on March 20, 2012


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