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Liquor firm, Pincon Spirit is planning to raise up to ₹200 crore (approx $30 million) through issue of Foreign Currency Convertible Bonds (FCCBs).
“The Board (of Directors) have approved the issue of FCCBs for an amount not exceeding $30 million,” Monoranjan Roy, Chairman and Managing Director, Pincon Spirit, was quoted as per a press release issued by the company.
The management of Pincon Spirit has commenced preliminary dialogues with reputed investment bankers in Singapore and London to evaluate the possible structure and framework for issuance of the same.
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