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KSL FCCB brings in $80 mn

05
Jun '07
KSL Realty and Infrastructure Ltd has revealed that the Foreign Currency Convertible Bonds (FCCB) had raised US $80 million.

This sum from the issue that closed, Monday, is expected to be used to expand textile business.

Saurabh Kumar Tayal, Chairman, stated, “The successful launch of the FCCB indicates the confidence of international investors in the growth opportunities and the management of our company.”

He further said that the money by the FCCB will enable the Company to increase productivity and profitability.

The bonds have been listed on the Singapore Stock Exchange on May 21, 2007.


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