Micro Technologies lists FCCBs on Singapore Exchange

Micro Technologies lists FCCBs on Singapore Exchange


Mumbai: Global security, safety and life-support solutions provider Micro Technologies said on 8 August its Foreign Currency Convertible Bonds (FCCBs) have been listed on the Singapore Exchange.

To provide efficient security solutions across different geographies to tap global opportunities, Micro Technologies has chosen SGX as the first Asian exchange for its launch, the company said in a filing to the Bombay Stock Exchange.

This listing is a significant step forward as it represents the success of bringing IT-based security products from India to other Asian countries, it added.

Micro Technologies is already listed on two domestic bourses NSE and BSE besides the Luxembourg Stock Exchange for Global Depository Receipts.

The Standard Chartered acted as the lead managers to the issue. Shares of the company were last trading at 254.75, up 1.72 per cent on the BSE.