GMR Infrastructure has raised US$300 million through the issue and allotment of 7.5% subordinated convertible bonds due in 2075 to Kuwait Investment Authority (KIA), a sovereign wealth fund.
The foreign currency convertible bonds (FCCBs), which are worth US$50 million each, can be converted into fully paid-up equity shares after 18 months. The floor price for the conversion of the bonds has been fixed at ₹18 (US$0.27) per equity share (determined in accordance with applicable law).
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
