Hotel Leelaventure to repurchase Convertible Bonds partially

Hotel Leelaventure Ltd has announced that the Company is considering partial repurchase of outstanding zero coupon Convertible Bonds due in 2012 and listed on the Singapore Stock Exchange. Such purchase shall be effected subject to availability of bonds at terms acceptable to the Company. The Company has appointed Barclays Capital for the same.

The stock was trading at Rs.18.15, down by Rs.0.10 or 0.55%. The stock hit an intraday high of Rs.18.75 and low of Rs.18.

The total traded quantity was 86854 compared to 2 week average of 285991.

Source : Equity Bulls

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