Techtran- Withdrawal of Conversion Notice by IFCI
Mumbai,
Mar
26:
Techtran
Polylenses
Ltd
has
informed
BSE
that
IFCI
Ltd
(IFCI)
have
agreed
to
accept
a
cash
settlement
from
the
Company
in
respect
their
notice
for
conversion
of
Zero
Coupon
Bonds
of
the
aggregate
value
of
Rs
139.85
lakhs
into
Equity
at
par.
The
Company
has
paid
an
amount
of
Rs
240
Lakhs
to
IFCI
Ltd
as
full
and
final
settlement
against
the
same.
All
other
terms
and
conditions
of
other
term
loans
from
IFCI
Ltd
remain
unchanged.
UNI
Comments
Story first published: Monday, March 26, 2007, 17:13 [IST]