Tulip Telecom to buyback FCCBs worth US$ 30.50 Million

Tulip Telecom Ltd has announced that in terms of the approval granted by the Board of Directors of the Company on January 19, 2009 to extinguish, restructure, buyback / redemption of FCCBs, the Company, till date, has repurchased the FCCBs aggregating to US$ 30.50 million.

The Tulip Telecom stock was trading at Rs.331, up by Rs.10.10 or 3.15%. The stock hit an intraday high of Rs.340 and low of Rs.330.

The total traded quantity was 1187 compared to 2 week average of 5270.

Source : Equity Bulls

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