GATI has concluded its FCCB issue by raising $22,182,000. The issue which opened for subscription on December 12, 2011, closed on the similar day. Subsequent to the closing, the board of directors of the company has allotted 22,182 zero coupon unsecured FCCBs of $1,000 each.
The current FCCBs are proposed to be listed on the Singapore Stock Exchange and the proceeds from this issue are being utilized towards redemption of the outstanding portion of the $20 million FCCBs raised on 2006, which are due for redemption in December 2011.
GATI is a leading player in express distribution and logistics and operates through two divisions - Express Distribution & Supply Chain (EDSC) and Coast- to-Coast (C2C) division.
Company Name | CMP |
---|---|
Allcargo Logistics | 65.64 |
TVS Supply Chain Sol | 200.20 |
Container Corp | 893.45 |
Mahindra Logistics | 501.00 |
Transport Corp. | 1104.10 |
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