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The bonds have a maturity of five years, and are convertible at
a price of Rs 522.835 per share - a premium of 60 per cent over
the reference price of Rs 326.772.
The bonds carry zero coupon with a yield-to-maturity of 6.90 per
cent.
The offering is subject to the approval of the shareholders at
a meeting to be held on 30 September. JP Morgan is the lead manager
and the sole book runner for the offering, according to the information
on BSE.
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