Simbhaoli Sugars to consider FCCB buy back on May 18, 2009

Simbhaoli Sugars Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 18, 2009, inter alia, to consider the buy back of Foreign Currency Convertible Bonds issued by the Company in March 2006 and subsequent cancellation thereof in accordance with the provisions of Reserve Bank of India.

The stock closed the day at Rs.39.50, up by Rs.1.35 or 3.54%. The stock hit an intraday high of Rs.39.50 and low of Rs.37.65.

The total traded quantity was 12805 compared to 2 week average of 20736.

Source : Equity Bulls

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