MAN Industries repays FCCBs worth USD 64.35 million
Mumbai, May 23, 2012 - MAN Industries (India) Limited, one of
the leading pipe Manufacturing companies has redeemed
outstanding Zero Coupon Foreign Currency Convertible Bonds
(FCCBs) of USD 64.35 million (including premium).
The bonds were issued in the year 2007 and redeemed on due
date. There are no FCCBs outstanding as on date. After
redemption, the company doesn't have any liability towards
FCCB.
Commenting after the FCCBs redemption, Mr. R C Mansukhani,
Chairman, Man Industries (India) Ltd said," we are very happy
that despite of global turmoil and uncertainty in the
financial markets, we have been able to maintain our 25 years
track record of timely payment of liabilities".
About MAN Group
MAN Industries (India) Ltd., an ISO 9001 / 14001 / 18001
accredited Company, is a leading manufacturer of SAW Pipes
(Line Pipes) and Coating Systems for high-pressure Oil & Gas
applications with a potential production capacity of
approximately one million MT of SAW pipes per annum.
The shares of the Company are listed with Bombay Stock
Exchange and National Stock Exchange and the GDRs of the
Company are listed with Dubai International Financial
Exchange (DIFX).
For more details please contact
Adfactors PR (022 22049803) MP Joshi (9833955690)
Bosky Christopher (9820038229)
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