As per its announcement on the BSE today, Esterad has extended the offer period for its new convertible bond issue seven days (to 31 January) in response to a request by institutional investors for more time for due diligence.
Clearly, the issue is not flying off the shelves or Esterad would not be extending. On a positive note, it's nice to see investors exercising a bit of due diligence before making a commitment. Previous post here.
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