Great Offshore issues FCCBs

On October 05, 2007 Great Offshore had raised US$ 42,000,000 by way of issue of Foreign Currency Convertible Bonds (due 2012) which have been listed on the Singapore Exchange Securities Trading Ltd (SGX-ST) on October 12, 2007 and which are convertible into equity shares at a price of Rs 875 per share and YTM of 7.25%