STERLITE INDS INDIA LTD
SymbolSLT

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Sterlite Industries (India) Limited Announces Pricing of Convertible Senior Notes Offering

2009-10-15 22:19 ET - News Release


MUMBAI, India -- (Business Wire)

Sterlite Industries (India) Limited (“Sterlite” or the “Company”) announces that it has priced its public offering (the “Offering”) of $500 million aggregate principal amount of Convertible Senior Notes (the “Notes”). The Notes are convertible into the Company’s American Depositary Shares (“ADSs”) at an initial conversion price of approximately $23.33 per ADS, subject to adjustment in certain events. The Notes have a maturity date of October 30, 2014 and will bear interest at the rate of 4.00% per annum.

The Offering is expected to settle on October 29, 2009. Any change in the settlement date will be notified to investors through a press release which will be posted on the Sterlite’s website at www.sterlite-industries.com.

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