Aksh Optifibre - Allotment Of FCCBs

Aksh Optifibre Ltd has informed that the Company has successfully completed the Offering and allotment of USD 8.75 million 1% Unsecured Foreign Currency Convertible Bands (FCCBs).The bonds will have a maturity period of 3 years and 1 day and shall be convertible into equity shares at an initial conversion price of Rs 62/- per share.The proceeds (net of fees and expenses) from this offering are expected to be used towards capital expenditure including expansion of the Companys projects and any other uses permitted under applicable law or regulations from time to time.