Omaxe updates on Prepayment and Redemption of Debentures

Omaxe Ltd has announced that the Company had redeemed the Debentures issued to Axis Bank and LIC Mutual Fund.

Out of total 100 Debentures of Rs 1 Crores each aggregating to Rs 100 Crores of Series 'F' issued to Axis Bank Ltd, which were due for redemption on September 29, 2008 the Company has pre-paid Rs 25 Crores on September 02, 2008.

Out of total 100 Debentures of Rs 1 Crores each aggregating to Rs 100 Crores of Series 'H' issued to LIC Mutual Fund, which were due for redemption on September 23, 2008 the Company has pre-paid Rs 50 Crores on September 02, 2008 in addition to Rs 25 Crores already paid on August 28, 2008.

The stock closed the day at Rs.129.10, up by Rs.0.70 or 0.55%. The stock hit an intraday high of Rs.132.95 and low of Rs.123.50.

The total traded quantity was 140397 compared to 2 week average of 66808.

Source : Equity Bulls

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