Temptation Foods to raise USD 20 mn
Temptation Foods to raise USD 20 mn The members of Temptation Foods, at its meeting held Sep. 17, 2007, approved issue of foreign currency convertible bonds (FCCBs) / other financial instruments of up to USD 200 million. > Further, the members approved the issue of 3.5 million convertible warrants to NRI Tax Services.Com, India and 2.925 million convertible warrants to Venture Business Advisers, on preferential basis. The aforesaid convertible warrants will be issued at an issue price of Rs 150 a warrant to be convertible into one fully paid up equity share Rs 1 0. Shares of the company were last trading down Rs 8.95, or 4.07%, at Rs 211. The total volume of shares traded at the BSE were 100. (10.07 am, Wednesday)