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Jaiprakash Associates Ltd (JAL) has informed BSE that as of date, FCCBs aggregating Euro 155,524,000 of the FCCB-II have been converted into 74,591,271 Equity shares of Rs 2/- each at a predetermined conversion price of Rs 111.7546 per share thereby increasing the paid up share capital of the Company by Rs 14.92 crores and Securities Premium by Rs 818.67 crores. As such, the aggregate principal amount of the Bonds outstanding is less than 10 per cent of the aggregate principal amount originally issued.

As on date, the status of conversion of FCCB-I Due 2010 aggregating USD 100 million, FCCB-II Due 2013 aggregating Euro 165 million and FCCB-III Due 2012 aggregating USD 400 million is as under:

(i) FCCB-I (Due 2010)
- Total Raised : USD 100.00 Million
- Converted : USD 97.94 Million
- Outstanding : USD 2.06 Million
%age Outstanding : 2.06%

(ii) FCCB-II (Due 2013)
- Total Raised : Euros 165.00 Million
- Converted : Euros 155.52 Million
- Outstanding : Euros 9.48 Million
%age Outstanding : 5.74%

(iii) FCCB-III (Due 2012)
- Total Raised : USD 400.00 Million
- Converted : USD 4.50 Million
- Outstanding : USD 395.50 Million
%age Outstanding : 98.88%

Tags: Jaiprakash Associates

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