Hotel Leelaventure repurchases and cancels bonds worth US$0.4 million

Hotel Leelaventure Ltd has announced that the Company has repurchased and cancelled 4 units of the Zero Coupon Foreign Currency Convertible Bonds - due 2012 (the "Bonds") aggregating to the face value of US$ 0.4 Million.

Hotel Leelaventure Ltd has bought back Zero Coupon US$ Convertible Bonds - due 2012 ("Bonds) with maturity of April 2012. The ominal Amount of bonds repurchased is US$ 0.4 Million (Face Value).

The amount of Bonds outstanding after this repurchase is US$ 66.6 Million.

The stock closed the day at Rs.22.50, up by Rs.0.15 or 0.67%. The stock hit an intraday high of Rs.23.25 and low of Rs.22.10.

The total traded quantity was 158092 compared to 2 week average of 416956.

Source : Equity Bulls

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