Strides Arcolab redeemed FCCBs worth Rs. 450-Cr:

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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%.

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