Prism Cement repurchases 450 NCDs aggregating Rs. 45 crores

Pursuant to the terms and conditions of Information Memorandum dated June 14, 2011 and Debenture Trustee Agreement dated June 23, 2011, Prism Cement Ltd has announced that out of the privately placed issue of 750, 11.20% Secured Redeemable Non Convertible Debenture (NCDs) - Series - II of Rs. 10,00,000/- each aggregating to Rs. 75 Crores, the Company has repurchased 450 NCDs aggregating to Rs. 45 Crores offered by the debentureholders.

Shares of PRISM CEMENT LTD. was last trading in BSE at Rs.42.1 as compared to the previous close of Rs. 41.5. The total number of shares traded during the day was 61930 in over 505 trades.

The stock hit an intraday high of Rs. 42.65 and intraday low of 41.35. The net turnover during the day was Rs. 2598186.

Source : Equity Bulls

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