Sun Pharmaceutical Industries Ltd has informed BSE that in accordance with the terms of issue of Zero Coupon Foreign Currency Convertible Bonds of US$ 1000/- each due 2009 (FCCBs), the Company has exercised its option and given required notice for early redemption of the remaining outstanding balance of 89,618 FCCBs aggregating to 89.618 Millions (after excluding 1,750 FCCBs aggregating 1.750 Million for which notices for conversion to equity shares have been received but resultant shares are yet to be allotted) being early redemption date notified as March 27, 2008. In view thereof, all outstanding FCCBs for which no option for conversion into equity shares have been exercised before March 27, 2008 will be fully redeemed by the Company as per the terms of the issue of the FCCBs.