Axon advises Jindal Stainless on restructuring bonds amounting to 24 million

JSL Stainless Limited has announced that in accordance with the approved restructured terms with the Foreign Currency Convertible Bond (FCCB) holders, the Company has re-paid an amount of $9 million (Rs. 40 crore) in face value, out of total outstanding FCCBs amounting to $24 million (approximately Rs. 110 crore) in face value. These outstanding FCCBs, unless converted or cancelled, would be redeemed on revised maturity date i.e. December 24, 2019.