Sujana Towers to consider issue of warrants, FCCBs
A meeting of the board of directors of Sujana Towers will be held on Sep. 30, 2007 to consider issue of foreign currency convertible bonds (FCCBs) to the extent of USD 60 million.
Further, the board would also consider issue of 8 million compulsorily convertible warrants to the promoters group through preferential issue.
Sujana Towers is the demerged towers business of Sujana Metal Products.
Shares of the company closed up Rs 1, or 0.69%, at Rs 146.35. The total volume of shares traded at the BSE was 140,366. (Monday)
