Firstsource Solutions repurchases US$15.8 million worth FCCBs

Firstsource Solutions Ltd has announced that the Company has additionally repurchased Zero Coupon Convertible Bonds due 2012 ("Bonds") with an aggregate Face Value of USD 15.8 million.

The company has repurchased Zero Coupon Convertible Bonds with maturity of December 2012. The Nominal Amount of Bonds repurchased is USD 15.8 million Face Value.

Together with earlier buy back of USD 17.9 million on March 13, 2009, the Company has, in all, bought back FCCBs of the face value of USD 33.7 million.

The stock closed the day at Rs.14.92, up by Rs.0.54 or 3.76%. The stock hit an intraday high of Rs.15.45 and low of Rs.14.52.

The total traded quantity was 4304935 compared to 2 week average of 4184854.

Source : Equity Bulls

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