Nahar Industrial Enterprises to buy-back FCCBs

Nahar Industrial Enterprises Ltd has announced that the Board of Directors of the Company at its meeting held on February 16, 2009, inter alia, has resolved to explore opportunities to effect buy back of foreign Currency Convertible Bonds (FCCBs) issued by tile Company in 2006 subject to Reserve Bank Of India Guidelines, applicable rules and regulations and other terms and conditions governing the buy hack of FCCBs.

Source : Equity Bulls

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