Hotel Leelaventure cancels repurchased FCCBs worth US$ 30 Million

Hotel Leelaventure Ltd has announced that the Company has repurchased 300 units of the Bonds aggregating to the Face Value of US$ 30 Million.

Hotel Leelaventure Ltd had issued FCCBs with maturity of April 2012. The Zero Coupon US$ Convertible Bonds due in 2012 was repurchased at a discount to the Nominal Amount of bonds worth US$ 30 Million Face Value.

Further the Company has announced that the above repurchased bonds have been cancelled.

The stock was trading at Rs.18.30, up by Rs.0.25 or 1.39%. The stock hit an intraday high of Rs.19.95 and low of Rs.17.30.

The total traded quantity was 317396 compared to 2 week average of 190655.

Source : Equity Bulls

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