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HLV share news, announcements and annual reports

NSE: HLVLTDBSE: 500193Leisure ServicesSmall Cap

HLV LIMITED · Formerly Hotel Leela Venture · Face value ₹2 · Listed May 1985 on BSE, Jul 1995 on NSE
Last close ₹5.74down ₹0.05 (0.86%)BSE ₹5.75

Share price at the NSE close on 29 Oct 2026. Previous close ₹5.79.

29 Oct: open ₹5.77, high ₹5.91, low ₹5.70

52-week range of traded prices to 29 Oct 2026
₹5.60Low, 30 Mar 2026₹11.71High, 3 Nov 2025
Market cap
₹378 Cr1,808th largest listed
P/E
79.33
P/E without one-offs
48.51
P/B
0.80
Dividend yield
Nonein the last 12 months
ROE
1.0%
ROE without one-offs
1.7%
ROCE
−0.5%
Debt to equity
0.02
Volume, NSE
2,66,70276.5% delivered

HLV share news and announcements

604 announcements, routine notices left out, newest first. Page 12 of 13.

  1. Apr 2009

    • 2 Apr · Foreign Currency Convertible Bonds

      Hotel Leela Venture Ltd. has informed the Exchange regarding Repurchase and Cancellation of 1 Million (out of the outstanding Euro 40.20 Million) Euro 1% Foreign Currency Convertible Bonds - due 2010 (the "Bonds"). The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  2. Mar 2009

    • 4 Mar · Foreign Currency Convertible Bonds

      Hotel Leela Venture Ltd. has informed the Exchange that Hotel Leelaventure Limited has repurchased and cancelled 13 units of Bonds aggregating to the face value of US$ 1.3 Million as per following details: Issuer - Hotel Leelaventure Limited, Maturity - April 2012, Description - Zero Coupon US$ Convertible Bonds-due 2012, Nominal Amount of bonds repurchased - US$ 1.3 Million (Face Value).
    • 4 Mar · Foreign Currency Convertible Bonds

      Hotel Leela Venture Ltd. has informed the Exchange that Hotel Leelaventure Limited has repurchased and cancelled 2950 units of Euro 1% Foreign Currency Convertible Bonds aggregating to the face value of Euro 2.95 Million as per following details: Issuer - Hotel Leelaventure Limited, Maturity - September 2010, Description - Euro 1% Convertible Bonds-due 2010, Nominal Amount of bonds repurchased - Euro 2.95 Million (Face Value).
  3. Feb 2009

    • 24 Feb · Foreign Currency Convertible Bonds

      Hotel Leela Venture Ltd. has informed the Exchange that: "Further to our communication dated February 12, 2009, we confirm that the bonds repurchased have been cancelled. The amount of Bonds outstanding after this repurchase and cancellation is Euro 43.15 Million.
    • 23 Feb · Foreign Currency Convertible Bonds

      Hotel Leela Venture Ltd. has informed the Exchange regarding a notification of repurchase of US$ 30 Million (aggregating 30% of outstanding US$ 100 Million) Zero Coupon Foreign Currency Convertible Bonds - due 2012 (the "Bonds"). The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 18 Feb · Updates

      Hotel Leela Venture Ltd. has informed the Exchange that the Company is considering partial repurchase of outstanding zero coupon Convertible Bonds due in 2012 and listed on the Singapore Stock Exchange. Such purchase shall be effected subject to availability of bonds at terms acceptable to the Company. The Company has appointed Barclays Capital for the same.
    • 12 Feb · Foreign Currency Convertible Bonds

      Hotel Leela Venture Ltd. has informed the Exchange that "Hotel Leela Venture Limited has repurchased and is in the process of extinguishing 1% Euro Foreign Currency Convertible bonds ("Bonds") aggregate Face Value of Euro 8.25 Million". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 12 Feb · Disclosure

      Hotel Leela Venture Ltd. has submitted to the Exchange a disclosure pursuant to Regulation 8A(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  4. Jan 2009

    • 24 Jan · Business

      Hotel Leela Venture Ltd. has informed the Exchange regarding a press release dated January 24, 2009, titled "Hotel Leela - Q3 Results". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 24 Jan · Results

      Hotel Leela Venture Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2008 as follows: Net Sales of Rs. 12113 lacs for quarter ending on 31-DEC-2008 against Rs. 14296 lacs for the quarter ending on 31-DEC-2007. Net Profit / (Loss) of Rs. 2050 lacs for the quarter ending on 31-DEC-2008 against Rs. 5498 lacs for the quarter ending on 31-DEC-2007.
  5. Oct 2008

    • 23 Oct · Management

      Hotel Leela Venture Ltd. has informed the Exchange vide notes to Unaudited Financial Results for the quarter ended September 30, 2008 (taken on record by the Board of the directors of the Company at its Meeting held on October 23, 2008) that : " With respect to the Auditor's observation about the balance due from HUDCO as reflected in the Annual Report of 07-08, the Company has recognised Interest receivable at the rates confirmed by the Supreme Court of India while dismissing the appeal of HUDCO and upholding the Arbitral Award in our favour".
    • 23 Oct · Results

      Hotel Leela Venture Ltd. has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 23343 lacs for half year ending on 30-SEP-2008 against Rs. 20032 lacs for the half year ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 5748 lacs for the half year ending on 30-SEP-2008 against Rs. 7028 lacs for the half year ending on 30-SEP-2007.
    • 23 Oct · Results

      Hotel Leela Venture Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 10937 lacs for quarter ending on 30-SEP-2008 against Rs. 10014 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 2405 lacs for the quarter ending on 30-SEP-2008 against Rs. 4012 lacs for the quarter ending on 30-SEP-2007.
    • 6 Oct · Foreign Currency Convertible Bonds

      Hotel Leela Venture Ltd. has informed the Exchange that "The company had issued Foreign Currency Convertible Bonds (FCCB) vide its offering Circular dated 13.09.2005 for issue of 60,000,000, 1 percent Euro Convertible Bonds due 2010 and the said Offering Circular provides for a Conversion Price Reset on 30th September each year based on a fixed criteria. Based on the said conversion criteria, the Reset Price has been fixed at Rs. 46.65 per share. The said conversion price will be valid for a period of one year ending on 29th September, 2009. The fixed Exchange Rate to be applied for conversion is Rs. 54.33 = Euro 1.00. As of date, the outstanding Euro Bonds aggregate to Euro 51.40 million".
  6. Aug 2008

    • 20 Aug · Meeting

      Hotel Leela Venture Ltd. has informed the Exchange regarding proceedings at the Annual General Meeting of the Company held on August 16, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  7. Jul 2008

    • 29 Jul · Results

      Hotel Leela Venture Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2008 as follows: Net Sales of Rs. 12406 lacs for quarter ending on 30-JUN-2008 against Rs. 10018 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 3343 lacs for the quarter ending on 30-JUN-2008 against Rs. 3016 lacs for the quarter ending on 30-JUN-2007.
  8. Jun 2008

    • 19 Jun · Business

      Hotel Leela Venture Ltd. has informed the Exchange regarding a press release dated June 18, 2008, titled "Hotel Leela- Net up- 19% in 2007-08." A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 18 Jun · Results

      Hotel Leela Venture Ltd. has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2008 as follows: Net Sales of Rs. 51455 lacs for year ending on 31-MAR-2008. Net Profit / (Loss) of Rs. 14855 lacs for the year ending on 31-MAR-2008.
    • 18 Jun · Results

      Hotel Leela Venture Ltd. has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2008 as follows: Net Sales of Rs. 51455 lacs for year ending on 31-MAR-2008 against Rs. 38086 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 14998 lacs for the year ending on 31-MAR-2008 against Rs. 12624 lacs for the year ending on 31-MAR-2007.
    • 18 Jun · Results

      Hotel Leela Venture Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2008 as follows: Net Sales of Rs. 15465 lacs for quarter ending on 31-MAR-2008 against Rs. 11674 lacs for the quarter ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 2941 lacs for the quarter ending on 31-MAR-2008 against Rs. 4471 lacs for the quarter ending on 31-MAR-2007.
    • 18 Jun · Meeting

      Hotel Leela Venture Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on June 18, 2008 has considered and approved the following : (1) The Board has recommended dividend @ 25% (i.e. 50 Paise per Equity Shares having face of Rs.2/- ) for the financial year ended March 31, 2008 subject to approval by the Members at the forthcoming Annual General Meeting of the Company. (2) The Book Closure of the Company for the purpose of payment of Dividend and Annual General Meeting has been decided by the Board as under : Book Closure Start Date is August 11, 2008 . Book Closure End Date is August 16, 2008. (3) The Annual General Meeting of the Company has been convened on August 16, 2008.
  9. Apr 2008

    • 29 Apr · Results

      Hotel Leela Venture Ltd. has informed the Exchange that the Company will be publishing Audited Financial Results for the fourth quarter and the Financial year ended on March 31, 2008 on or before June 30, 2008 i.e. within three months from the end of the financial year and therefore will not be giving unaudited fourth quarter financial results during this month.
    • 26 Apr · Updates

      Hotel Leela Venture Ltd. has informed the Exchange that : "The Company had issued Foreign Currency Convertible Bonds (FCCB) vide its offering circular dated 19.04.2007 aggregating US $ 100,000,000 zero percent Convertible Bonds due 2012 and it provides for a Conversion Price Reset on 24th April 2008 based on the pre fixed criteria. Accordingly as on the Reset date of 24th April, 2008 in terms of the Offering Circular, the "RESET price" has been fixed at 80% of the initial conversion price at a maximum downward fixation of INR Rs. 72/-(Rupees Seventy Two Only) per share inclusive of Rs. 70/- premium per share. The fixed Exchange Rate to be applied for conversion is Rs. 41.9450=U.S.$1.00."
  10. Feb 2008

    • 2 Feb · Management

      Hotel Leela Venture Ltd. has informed the Exchange that the Board of Directors of the Company at its meeting held on January 31, 2008, have approved the following: Mr. V.L. Ganesh, Chief Financial Officer of the Company has been inducted in the Board as Director Finance and Chief Financial Officer of the Company with immediate effect.
    • 1 Feb · Business

      Hotel Leela Venture Ltd. has informed the Exchange regarding a press release dated January 31, 2008, titled "Hotel Leela-Q3 net up by 54%". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  11. Jan 2008

    • 31 Jan · Results

      Hotel Leela Venture Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2007 as follows: Net Sales of Rs. 14296 lacs for quarter ending on 31-DEC-2007 against Rs. 9902 lacs for the quarter ending on 31-DEC-2006. Net Profit / (Loss) of Rs. 5498 lacs for the quarter ending on 31-DEC-2007 against Rs. 3566 lacs for the quarter ending on 31-DEC-2006.
    • 23 Jan · Allotment of Equity Shares

      Hotel Leela Venture Ltd. has informed the Exchange that: "The Committee of Directors for Issues of the Board of Directors, in its meeting held today i.e. 23rd day of January 2008, has allotted 45,93,532 nos. of fully paid up Equity Shares of the Company to one euro FCCB bondholders who has exercised the option to convert 4000 bonds of Euro 1000/- each aggregating to Euro 40,00,000/- into equity shares at Conversion price pursuant to the terms and conditions of the Offering Circular dated 13th September 2005. These equity shares will rank pari passu with the existing equity shares of the Company. With the allotment of the above shares, the Equity Shares upon conversion stands increased from present level of 37,32,31,460 number to 37,78,24,992 numbers. Equity Shares of Rs.2/- each".
    • 11 Jan · Allotment of Equity Shares

      Hotel Leela Venture Ltd. has informed the Exchange that: "The Committee of Directors on Issues of the Board of Directors, in its meeting held today i.e. 11th day of January 2008, has allotted 3,44,514 nos. of fully paid up Equity Shares of the Company to one of the euro FCCB bondholders who has exercised the option to convert 300 bonds of Euro 1000/- each aggregating to Euro 3,00,000/- into equity shares at Conversion price pursuant to the terms and conditions of the Offering Circular dated 13th September 2005. These equity shares with, rank pari passu with the existing equity shares of the Company. With the allotment of the above shares the Equity Shares upon conversion stands increased from present level of 37,28,86,946 nos. to 37,32,31,460 nos. Equity Shares of Rs.2/- each".
    • 8 Jan · Allotment of Equity Shares

      Hotel Leela Venture Ltd. has informed the Exchange that "The Committee of Directors on Issues of the Board of Directors, in its meeting held today i.e. 8th day of January 2008, has allotted 25,83,861 nos. of fully paid up Equity Shares of the Company to one of the euro FCCB bondholders who has exercised the option to convert 2250 bonds of Euro 1000/- each aggregating to euro 22,50,000/- into equity shares at Conversion price pursuant to the terms and conditions of the Offering Circular dated 13th September 2005. These equity shares will rank pari passu with the existing equity shares of the Company. With the allotment of the above shares the Equity Shares upon conversion stands increased from present level of 37,03,03,085 nos. to 37,28,86,946 nos. Equity Shares of Rs. 2/- each".
  12. Nov 2007

    • 14 Nov · Business

      Hotel Leela Venture Ltd. has informed the Exchange that Hon'ble High Court of Judicature at Bombay had Sanctioned the Composite Scheme of Arrangement between Kovalam Hotels Limited (the transferor Company) and Hotel Leelaventure Limited (the transferee Company) and their respective shareholders vide its Order dated 2nd November 2007. The appointed date for the same will be 1st April 2006.
    • 5 Nov · Business

      Hotel Leela Venture Ltd. has informed the Exchange that "This has reference to the reports in a section of the press quoting industry sources to the effect that Blackstone is investing US$ 1 billion as Private Equity investment in Hotel Leela Ventures. While the Company has a policy of not commenting on unconfirmed reports, we would like to state that the Company is working on various corporate initiatives to take the company forward in establishing a Pan India/global presence".
    • 1 Nov · Management

      Hotel Leela Venture Ltd. has informed the Exchange vide notes to Unaudited Financial Results for the quarter ended September 30, 2007 (taken on record by the Board of the directors of the Company at its Meeting held on October 24, 2007) that : " With respect to the Auditor's observation about the balance due from HUDCO as reflected in the Annual Report, the Division Bench of the Delhi High Court had by its order dated 9/11/2004 confirmed the order of the Single Judge upholding the Arbitral Award in toto in favour of the Company and rejected the appeal of HUDCO. HUDCO appealed to the Supreme Court and on receipt its order, deposited 50% of the decretal amount with the Delhi High Court. The Company has withdrawn this amount of Rs. 59.61 crores against security".
  13. Oct 2007

    • 24 Oct · Business

      Hotel Leela Venture Ltd. has informed the Exchange regarding a press release dated October 24, 2007, titled "Hotel Leela - Q2 net up 82%". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 24 Oct · Results

      Hotel Leela Venture Ltd. has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2007 as follows: Net Sales of Rs. 20032 lacs for half year ending on 30-SEP-2007 against Rs. 15750 lacs for the half year ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 7028 lacs for the half year ending on 30-SEP-2007 against Rs. 8484 lacs for the half year ending on 30-SEP-2006.
    • 24 Oct · Results

      Hotel Leela Venture Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2007 as follows: Net Sales of Rs. 10014 lacs for quarter ending on 30-SEP-2007 against Rs. 7667 lacs for the quarter ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 4012 lacs for the quarter ending on 30-SEP-2007 against Rs. 2206 lacs for the quarter ending on 30-SEP-2006.
    • 24 Oct · Results

      Hotel Leela Venture Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2007 as follows: Net Sales of Rs. 10014 lacs for quarter ending on 30-SEP-2007 against Rs. 7667 lacs for the quarter ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 4012 lacs for the quarter ending on 30-SEP-2007 against Rs. 2206 lacs for the quarter ending on 30-SEP-2006.
  14. Sep 2007

    • 19 Sep · Meeting

      Hotel Leela Venture Ltd. has submitted to the Exchange a copy of the minutes of the Annual General Meeting held on August 13, 2007. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  15. Aug 2007

    • 16 Aug · Business

      Hotel Leela Venture Ltd. has informed the Exchange that the Court Convened Meeting of the equity shareholders of Hotel Leelaventure limited was held on August 13, 2007 for the purpose of considering, and if thought fit, approving, with or without modification, the arrangement embodied in the Scheme of Arrangement of Kovalam Hotels Limited ("Transferor") with Hotel Leelaventure limited ("Applicant / transferee") pursuant to the minutes of the order passed on July 13, 2007 by the Honourable Mr. Justice D. B. Bhosale of the Honourable High Court of Judicature at Bombay. The resolution has been voted on by way of a poll. The Company has Submitted result of poll. The details of the result of poll shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 16 Aug · Meeting

      Hotel Leela Venture Ltd. has submitted to the Exchange a copy of the proceedings of Annual General Meeting of the Company held on August 13,2007. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 7 Aug · Business

      Hotel Leela Venture Ltd. has informed the Exchange regarding a press release dated July 30, 2007, titled "Hotel Leela - Q1 net up 36%". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  16. Jul 2007

    • 30 Jul · Results

      Hotel Leela Venture Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2007 as follows: Net Sales of Rs. 10018 lacs for quarter ending on 30-JUN-2007 against Rs. 8083 lacs for the quarter ending on 30-JUN-2006. Net Profit / (Loss) of Rs. 3016 lacs for the quarter ending on 30-JUN-2007 against Rs. 6278 lacs for the quarter ending on 30-JUN-2006.
    • 26 Jul · Notice of Meeting

      Hotel Leela Venture Ltd. has informed the Exchange that by an Order made on July 13, 2007, in the Company Application, the Hon'ble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of Hotel Leelaventure Limited, the Applicant / Transferee Company be convened and held on August 13, 2007, for the purpose of considering and, if thought fit, approving, with or without modification, the compromise or arrangement embodied in the Scheme of Arrangement proposed to be entered into between Kovalam Hotels Limited ("Transferor") with the Applicant / Transferee Company. A copy of the Notice of the Meeting shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 13 Jul · Management

      Hotel Leela Venture Ltd. has informed the Exchange that "Mr. Kausik Nath, Company Secretary & Compliance Officer has ceased to be in the employment of the Company with effect from 1st July 2007". Further the Company has informed that "Mr. Dinesh Kalani has joined as our new Company Secretary w.e.f. 12th July 2007 and has also been designated as our new Compliance Officer in place of Mr. Kausik Nath".
    • 3 Jul · Meeting

      Hotel Leela Venture Ltd. has informed the Exchange that the Register of Members of the Company shall be closed from August 07, 2007 to August 13, 2007 for the Annual General Meeting and the payment of Final Dividend of 7.5% as recommended by the Board of Directors at its Meeting held on June 21, 2007 to be declared at the Annual General Meeting to be held on August 13, 2007.
  17. Jun 2007

    • 21 Jun · Dividend

      Hotel Leela Venture Ltd. has informed the Exchange that the Board of Directors at their meeting held on June 21, 2007 have recommended a final dividend of 7.50% on Equity Shares (aggregating 22.50% Including Interim dividend) for the year ended March 31, 2007.
  18. May 2007

    • 14 May · Press Note

      Hotel Leela Venture Ltd. has informed the Exchange regarding a press release issued by the Company in respect of the listing of the Company by Standards & Poor a well known global rating agency New York. A copy of the press release titled 'Hotel Leela Among Global Challengers', shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
  19. Apr 2007

    • 27 Apr · Results

      Hotel Leela Venture Ltd. has informed the Exchange that the Company shall publish Audited Financial Results within a period of 3 month for the year ended on March 31, 2007 i.e. on or before June 30, 2007.
    • 26 Apr · Business

      Hotel Leela Venture Ltd. has informed the Exchange regarding the bid for hotel plot of land admeasuring 3 acres in South Delhi for Rs. 611 crores. Further the Company has informed the Exchange regarding press release, dated April 25, 2007, titled "Hotel Leela Wins Bid for Hotel Plot in South Delhi for Rs. 611 Crores." A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
    • 19 Apr · Issue of Foreign Currency Convertible Bonds

      Hotel Leela Venture Ltd. has informed the Exchange on Apr 19, 2007, that "With respect to the notification sent earlier today, we would like to further clarify that the Company has on 19th April, 2007 secured funding in an amount of US$100 Million through a proposed Foreign Currency Convertible Bond (FCCB) issuance with an option to issue up to an additional US$10 Million".
    • 19 Apr · Issue of Foreign Currency Convertible Bonds

      Hotel Leela Venture Ltd. has informed the Exchange that "The Company has on 19th April, 2007 secured funding in the amount of US$ 110 million including option to increase USD 10 million through a Foreign Currency Convertible Bonds (FCCBs) Issuance. Deutsche Bank acted as the sole book runner to the transaction. The FCCBs, which have a maturity of 5 years and 1 day, are convertible at a conversion price of Rs. 90 per share (as adjusted from time to time) which is at a premium of 49.50 % over the closing price of Rs. 60.20 on the Bombay Stock Exchange Ltd. on 18th April, 2007. The FCCBs bonds are zero coupon bonds with a yield to maturity of 7.80%, calculated on a semi - annual basis, at the end of 5 years and 1 day if not converted into shares during the period. The FCCBs are expected to be listed on the Singapore Exchange Securities Trading Limited."