Ballarpur Industries to buyback ZCCBs

Ballarpur Industries Ltd has announced that the Board of Directors of the Company at its meeting held on April 24, 2009, inter alia, has considered and approved in-principle, buyback of Zero Coupon Convertible Bonds (ZCCBs) of US Dollar 60 Million, subject to compliance of applicable laws.

The stock closed the day at Rs.17.64, up by Rs.0.66 or 3.89%. The stock hit an intraday high of Rs.18.03 and low of Rs.16.75.

The total traded quantity was 1034858 compared to 2 week average of 2132058.

Source : Equity Bulls

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