Firstsource Solutions cancels bonds worth US$20.8 million

Firstsource Solutions Ltd has announced with reference to the earlier announcement dated March 25, 2009 and March 31, 2009, regarding the repurchase of Zero Coupon Convertible Bonds due 2012 ("Bonds"), that Bonds aggregating USD 20.8 million have been cancelled.

The nominal amount of Bonds outstanding after this cancellation is USD 227.3 million.

The stock was trading at Rs.17.15, up by Rs.0.30 or 1.78%. The stock hit an intraday high of Rs.17.45 and low of Rs.16.40.

The total traded quantity was 1883914 compared to 2 week average of 4842589.

Source : Equity Bulls

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