Kamat Hotels to raise $ 50 mln via FCCBs

New Delhi, Feb 6 (UNI) Multi-brand hospitality company Kamat Hotels India Ltd today said it will raise 50 million dollars through issue of unsecured Foreign Currency Convertible Bonds (FCCBs).

The bonds, to become due after five years, are convertible into equity shares of Rs 10 each.

The bonds are proposed to be issued in mid February this year and will be listed and traded on the Stock Exchange of Singapore.

UNI