Strides Arcolab has redeemed outstanding FCCBs worth $80 million (over Rs. 450 crore). It had raised $100 million through FCCBs in 2007 and had bought back bonds worth $20 million in 2009. The total payout for redeeming the outstanding bonds was $116 million, including the redemption premium of 45.05%.
Recently, in a landmark judgment by the Supreme Court in the case of Bank of Baroda v. Kotak Mahindra Bank, the Apex Court has determined over the limitation period applicable for executing a forei More
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