Everest Kanto Cylinder redeems US$ 35,000,000 Zero Coupon Convertible Bonds due 2012

Everest Kanto Cylinder Ltd has redeemed in full the outstanding US$ 35.0 million zero coupon convertible bonds due on October 10, 2012 by paying the redemption amount of US$ 49.98 million.

The Everest Kanto Cylinder Ltd stock was trading at Rs.33.50, up by Rs.0.85 or 2.60%. The stock hit an intraday high of Rs.34.20 and low of Rs.32.15.

The total traded quantity was 3.07 lakhs compared to 2 week average of 4.26 lakhs.

Source : Equity Bulls

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