Man Industries (India) Ltd to redeem FCCBs worth $64.35 million

Man Industries (India) Ltd has made financial arrangements for redemption of Zero Coupon Foreign Currency Convertible Bonds (FCCBs) worth approximately USD 64.35 million (including premium) falling due on May 23, 2012. Hence, there will be no fresh dilution of equity.

The Man Industries (India) Ltd stock was trading at Rs.102.10, up by Rs.1.80 or 1.79%. The stock hit an intraday high of Rs.104.90 and low of Rs.100.25.

The total traded quantity was 9541 compared to 2 week average of 15479.

Source : Equity Bulls

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