GHCL cancels FCCBs worth US$ 6100000

GHCL Ltd has announced with reference to the earlier annoucement dated April 14, 2009, 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 6,100,000 at a discount and has extinguished same.

Further the Company has informed that, after the cancellation of USD 6.10 million of Bonds, the total outstanding of the Bonds is USD 61.90 million.

The stock closed the day at Rs.30.60, down by Rs.0.15 or 0.49%. The stock hit an intraday high of Rs.31.35 and low of Rs.30.

The total traded quantity was 73792 compared to 2 week average of 245172.

Source : Equity Bulls

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