Flexituff International has received a 48-month extention to settle its foreign currency convertible bonds.

The request of Flexituff International has been approved by TPG Growth SF Pte Ltd, which had earlier provided extension of two months for the repayment of the FCCBs till June 30.

The $24 million FCCBs were originally scheduled to mature on April 26. Shares of Flexituff International slumped 4.12 per cent at ₹32.55 on the BSE.