Jaiprakash Associates repurchases FCCBs worth US$ 32025000

Jaiprakash Associates Ltd has announced that in accordance with the press release from the RBI dated December 06, 2008 and relevant policy, as amended from time to time, Jaiprakash Associates Ltd (the "Company") has repurchased and extinguished the zero coupon convertible bonds aggregating to the face value of USD 32,025,000. Further purchases will be effected subject to various guidelines as applicable for such buy back.

The stock was trading at Rs.74.90, up by Rs.4 or 5.64%. The stock hit an intraday high of Rs.74.95 and low of Rs.71.10.

The total traded quantity was 2876574 compared to 2 week average of 4096224.

Source : Equity Bulls

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