Date:10/12/2005 URL: http://www.thehindubusinessline.com/2005/12/10/stories/2005121001860800.htm

Back Adlabs fixes FCCB conversion price

Our Bureau

Mumbai , Dec. 9

, ADLABS Films Ltd has fixed the conversion price of its foreign currency convertible bonds at Rs 543.42 per share.

This represents a 50 per cent premium over the weighted average price of Rs 362.28 on December 7, on the BSE.

The company has raised equivalent of $100 million in euros.

The yield to maturity has been set at 4 per cent and the bonds will be redeemed at 121.679 per cent of par on February 26, 2011.

Barclays Capital is the sole book-runner and lead manager for the offering.