Shares of ICSA (India) rose by 8%, to Rs24.70, after the company said it is in the process of restructuring the outstanding foreign currency convertible bonds due for redemption in March and April 2012.
ICSA (India) said the foreign currency convertible bonds ( FCCBs) aggregating to $21 million are outstanding for redemption and the same are being restructured in consent with the bond holders. The procedural work for restructuring the outstanding bonds is already started and is under process. The company said it would duly intimate the exchanges upon completion of the entire restructuring process.
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ICSA (India) said the foreign currency convertible bonds ( FCCBs) aggregating to $21 million are outstanding for redemption and the same are being restructured in consent with the bond holders. The procedural work for restructuring the outstanding bonds is already started and is under process. The company said it would duly intimate the exchanges upon completion of the entire restructuring process.
....more info