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Jubilant raises USD 200 mn through FCCBs

Written by: Staff

Mumbai, Apr 25 (UNI) Drug maker Jubilant Organosys Ltd has raised USD 200 million through the foreign currency convertible bond (FCCB) issue.

The zero-coupon 5-year issue is convertible at the price of Rs 413.45 per share. The funds will be used for expansion and acquisition purposes, Jubilant said in a statement.

The FCCBs will be listed on the Singapore stock exchange.


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