TASC PHARMACEUTICALS RAISES USD 50 MN VIA FCCBS

Tasc Pharmaceuticals has raised USD 50 million through foreign currency convertible bonds (FCCBs). The company today informed BSE Deutsche Bank is the sole underwriter and bookrunner to the transaction which concluded Thursday. The bonds with a maturity of 5 years are convertible at Rs 336.92 per share, a premium of 26 per cent over the closing price of Rs 267.40 on BSE on October 13, the company release said, adding the bonds are expected to be listed on the Singapore Exchange Securities Trading Ltd.

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