Pyramid Saimira raises Rs 369 cr via FCCBs

New Delhi, July 4: Cinema chain operator Pyramid Saimira Theatre Ltd today said it has raised about Rs 369 crore through Foreign Currency Convertible Bonds (FCCBs) for acquisition outside the country.

The FCCBs will have a maturity of five years and one day and will be convertible into equity shares of the company at a conversion price of Rs 454 per share, it said in a statement.

The underlying equity shares on conversion will be listed on the BSE and National Stock Exchange (NSE). The FCCBs are going to be listed on the Singapore Stock Exchange.

UNI