Epic Update : Bharat Forge

Bharat Forge has redeemed Foreign Currency Convertible Bonds (FCCBs) worth $ 62.43 million which includes principal of $ 39.90 million and redemption premium of $ 22.53 million on due date. The Company had earlier on April 28, 2006, issued Foreign Currency Convertible Bonds (FCCBs), optionally convertible into GDRs/ Equity Shares, aggregating to $ 39.90 million, mainly to finance capital expenditure and global acquisitions.

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