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| Updated on February 24, 2016 Published on February 24, 2016

Castex Technologies Ltd has informed BSE that CITICORP INTERNATIONAL LIMITED, trustee to the 2.5% Foreign Currency Convertible Bonds issue of US $70 million due 2017 convertible into equity shares of the Company, had filed a case against the Company on the behalf of various bond holders in the Commercial Court of High Court of London challenging the validity of Mandatory Conversion Notice issued by the Company on July 31, 2015.

Today i.e. February 24, 2016, the Court has concluded that the issuance of mandatory conversation notice was valid and decided the issue in favour of the Company.

Source : BSE - >www.bseindia.com

Published on February 24, 2016
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