Mahindra & Mahindra cancels US$ 4000000 worth FCCBs

Mahindra & Mahindra Ltd has now announced with reference to the earlier annoucement dated January 24, 2009 regarding repurchase of FCCBs aggregating US$4,000,000 at a discount, that the Zero Coupon Foreign Currency Convertible Bonds due 2011 (FCCBs) aggregating US$ 4,000,000 have been cancelled upon repurchase.

The stock closed the day at Rs.266.75, down by Rs.16.10 or 5.69%. The stock hit an intraday high of Rs.285 and low of Rs.264.80.

The total traded quantity was 80296 compared to 2 week average of 100392.

Source : Equity Bulls

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