Brief: Faze Three says co, majority bond holders agreed to file consent terms with Bombay High Court

Faze Three

10/10/2016 14:19

Oct 10 (Reuters) - Faze Three Ltd  FAZE.BO  
    * Faze Three Ltd says co and majority of bond holders have 
arrived at settlement and agreed to file consent terms with 
Bombay High Court 
    * Faze Three Ltd says as per terms of settlement, co has to 
redeem FCCBs for maximum amount of $6.25 million on or before 
March 31, 2017 
    * Faze Three Ltd says payout is to be done in two tranches 
viz USD 2.25 million by Oct 2016 
 
Source text - (http://bit.ly/2e01sTK) 
Further company coverage:  FAZE.BO  
 
 (Bengaluru newsroom) 
 ((Reutersindia.snapping@thomsonreuters.com;))