Era Infra Engineering Ltd has informed BSE that in terms of Para 6(A)(iii) of the ?Terms and Conditions of the Bonds” as set out in the Offering Circular dated January 17, 2007 issued by the Company in respect of US$75,000,000 Zero Coupon Convertible Bonds 2013, the Initial Conversion Price as determined on January 24, 2008 (the Conversion Price Setting Date) is Rs 793 per share. The initial Conversion Price of Rs 793 has been approved by Director vide Resolution passed on January 28, 2008.