Kamat Hotels (India) Ltd has informed the Bombay Stock Exchange that the company has received a conversion notice from Clearwater Capital Partners (Cyprus) Ltd, the Bondholder, through the Bank of New York, the Principal Paying and Conversion Agent, for the conversion of 6,405 FCCBs into 20,97,993 equity shares of Rs 10 each at Rs 135 per equity share in the capital of the company.
Accordingly, a meeting of the Securities Issue Committee of the company is scheduled to be held on November 23, to consider the issue.
The stock was trading flat at Rs 110.1 on the BSE.
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