Date:23/04/2005 URL: http://www.thehindu.com/2005/04/23/stories/2005042311641601.htm

Business - Briefly

Aarti Drugs issues FCCBs

MUMBAI: Aarti Drugs, the Mumbai based pharma company, has issued and allotted foreign currency convertible bonds (FCCBs) for $12.75 million.

The issue was fully subscribed. The said bonds were issued at Rs.170 which is at 32 per cent premium to the prevailing market price on April 21.