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Friday, April 2, 1999
RIL redeems FCCBs worth Rs 400 crore
MUMBAI, April 1 : Reliance Industries Ltd (RIL) has redeemed outstanding convertible bonds of an aggregate face value of approximately $ 80 million (Rs 340 crore) on March 31, 1999, involving a total outflow of approximately $ 95 million (Rs 404 crore).The company had issued 3.5 per cent FCCBs (convertible bonds) of an aggregate face value of $ 140 million (Rs 439 crore) in November 1993 in the international capital markets. Convertible bonds of the face value of approximately $ 60 million (Rs 255 crore) have been converted into equity shares of the company on various dates earlier. Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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