3i Infotech repurchases FCCBs worth Euro 3 Million, US$ 8.1 Million

3i Infotech Ltd has announced that the Company have repurchased and cancelled certain Foreign Currency Convertible Bonds.

The company had issued Euro 30 million Zero Coupon Convertible Bonds due 2012 with maturity date of April 03, 2012. The Nominal Amount of Bonds repurchased is Euro 3 Million.

The company had issued US $ 100 Million Zero Coupon Convertible Bonds due 2012 with maturity of July 27, 2012. The Nominal Amount of Bonds repurchased is USD 8.1 Million.

The nominal amount of Bonds outstanding is Euro 27 Million after the cancellation in Euro 30 million Zero Coupon Convertible Bonds due 2012.

The nominal amount of Bonds outstanding is US$91.9 Million after the cancellation in US $ 100 million Zero Coupon Convertible Bonds due 2012.

The stock closed the day at Rs.34.60, up by Rs.2.10 or 6.46%. The stock hit an intraday high of Rs.35.20 and low of Rs.32.70.

The total traded quantity was 688862 compared to 2 week average of 356566.

Source : Equity Bulls

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