GHCL repurchases US$11 million worth bonds

GHCL Ltd has announced that pursuant to the approval received from Reserve Bank of India, the Company has repurchased (buyback) 1% Convertible Bonds due 2011 ("Bonds") aggregating to face value of USD 11,000,000 (eleven million) at a discount and has extinguished same.

Further, the Company has inform that after the cancellation of USD 11.00 million of Bonds, the total outstanding of the Bonds is USD 68.00 million.

The stock closed on Monday at Rs.35, up by Rs.2.05 or 6.22%. The stock hit an intraday high of Rs.36.35 and low of Rs.33.20.

The total traded quantity was 1157930 compared to 2 week average of 572071.

Source : Equity Bulls

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