The company had issued the notice for the balance 90% unpaid amount i.e. Euro 6.30 million of B Bonds on 15 November 2007 and the same have been received on 18 December 2007. The B Bonds have been subscribed by Deutsche Bank & have a conversion price of Rs 175 per equity share.
The company made this announcement during the trading hours today, 18 December 2007.