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Adlabs bond issue

Our Bureau

MUMBAI: Adlabs Films Ltd raised 85 million euros (Rs 460 crore) through a five-year foreign currency convertible bond issue.

The bonds will be converted to equity at a 50 per cent premium to the company's shares closing price on Thursday on BSE, the company said.

Shares of Adlabs ended Rs 5.80 higher at Rs 373.95 on BSE.

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