It is good if they convert…i think all of the issuance, conversion price is >200/share (in one of the issuance, it is around 242/share) though you need refer issuance documents so it is good for all but it is highly doubted if price remain at current level.
For any lending company it is alway good sign if lender convert debt to equity it shows confidence but here I am not quite sure if FCCB holder opt for conversion.
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