1. Castex Technology completes $70-m FCCB conversion

Castex Technology completes $70-m FCCB conversion

Castex Technologies, which is being probed by Sebi over possible rigging of share price, on Friday said it has completed conversion of its $70-million FCCB into equity.

By: | Published: September 26, 2015 3:51 AM

Castex Technologies, which is being probed by Sebi over possible rigging of share price, on Friday said it has completed conversion of its $70-million FCCB into equity. Castex, an arm of troubled Amtek Auto, said the allotment committee of its board of directors in its meeting on September 25, allotted 3,06,83,403 equity shares of R2 each at the fixed conversion price of R103.005 per share.

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