Thank you.

I also got some more clarification from

FCCB note

Hedge funds seek closure of Venus Remedies - Economic Times

and

"Well, repurchase of FCCB is applicable for FCCBs before their 'in-tenure' FCCBs. After the period is over, the company should repurchase the unconverted lot at face value plus agreed premium on redemption." - (This was also one of my doubt now cleared).

(FCCB - TimeBomb Waiting to Explode)