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| Exchange Disseminated Time | Kiri Industries Ltd has informed BSE that the Company has achieved an important milestone in consummating restructuring of its Foreign Currency Convertible Bonds (FCCBs), thereby enhancing shareholder value significantly and also resulting in reduction of the Company's borrowing obligations to the extent the number of FCCBs having got reduced.
As per regulatory guidance, the maturity of the outstanding FCCBs has been extended to 2022 from 2018. Further, the size of the outstanding FCCBs has been reduced to 82 bonds from the previous 150 bonds, with the due consent of the bondholders. |
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