Uflex repurchases 20 FCCBs worth US$2 million

Uflex Ltd has announced that the Company has bought back 20 Foreign Currency Convertible Bonds of nominal value USD 100,000 each aggregating to USD 2.00 million due in 2012 at a discount under Automatic Route and the process has been initiated for its cancellation.

The stock was trading at Rs.67, up by Rs.3.45 or 5.43%. The stock hit an intraday high of Rs.69.90 and low of Rs.60.55.

The total traded quantity was 2008 compared to 2 week average of 5555.

Source : Equity Bulls

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