Uflex repurchases FCCBs worth US$ 45 Million

Uflex Ltd has announced that in terms of approval of Reserve Bank of India, the Company has bought back 450 Foreign Currency Convertible Bonds of nominal value USD 100,000 each aggregating to USD 45.00 million due in 2012 at a discount and the process has been initiated for its cancellation.

The stock was trading at Rs.54.05, up by Rs.0.35 or 0.65%. The stock hit an intraday high of Rs.57 and low of Rs.53.80.

The total traded quantity was 103 compared to 2 week average of 1040.

Source : Equity Bulls

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