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Our Bureau

Mumbai, May 22

KSL Realty and Infrastructure has announced that it has successfully placed $80 million through the issue of Foreign Currency Convertible Bonds (FCCBs). The issue was closed on May 18, 2007. The bonds have been listed on the Singapore Stock Exchange on May 21, 2007. The net proceeds of the issue of bonds will be utilised for expansion of Textile business.

Mr Saurabh Kumar Tayal, Chairman of KSL Realty and Infrastructure Ltd, said: "The successful launch of the FCCBs indicates the confidence of international investors in the growth opportunities and the management of our company. The money raised by the FCCBs will enable us to increase our productivity and profitability."

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KSL Realty's successful bond offer

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