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BRIEF-Faze Three says co, majority bond holders agreed to file consent terms with Bombay High Court
October 10, 2016 / 1:27 PM / a year ago

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

Oct 10 (Reuters) - Faze Three Ltd

* 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 - (bit.ly/2e01sTK) Further company coverage: (Bengaluru newsroom)

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