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Others SAB lists $2 million worth FCCB on Singapore Stock Exchange

SAB lists $2 million worth FCCB on Singapore Stock Exchange

Author | exchange4media Mumbai Bureau | Tuesday, Jun 26,2007 9:07 AM

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SAB lists $2 million worth FCCB on Singapore Stock Exchange

Sri Adhikari Brothers (SAB) Television Network has informed the Bombay Stock Exchange (BSE) that the 1.5 per cent foreign currency convertible bonds (FCCB) aggregating to $2 million as a part exercise of the option of overallotment of $3 million are listed on Singapore Stock Exchange Securities Trading with effective from June 20.

Speaking on the development, Markand Adhikari, Vice Chairman and MD, SAB, noted that the investments would be utilised for the construction of a large studio facility in the coming year. β€œThe studio will be a state-of-art one with five to six floors in Mumbai,” added Adhikari.

SAB had earlier secured FCCB aggregating $7 million, subject to an overallotment of $3 million.

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