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Gemini Communications to raise Euro 15 m

CHENNAI: Gemini Communications has announced that the company has issued six per cent foreign currency convertible bonds (FCCBs) to Merill Lynch to raise Euro 15 million (around Rs. 80 crore). The conversion price has been fixed at Rs. 513 a share. According to a release, the bonds will mature by 2012. The bonds will be traded on the Luxembourg Stock Exchange.

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