Sri Adhikari Broathers repurchases US$ 6.5 million worth FCCBs

Sri Adhikari Brothers Television Network Ltd has announced that the Company had issued US$ 9 million 1.5% secured FCCBs in June 2007 which were to mature in June 2012.

From these issued FCCBs, the Company has repurchased FCCBs with nominal value US$ 6.5 Million in accordance with the RBI A. P. (DIR Series) circular no. 39 dated December 08, 2008. These bonds have been cancelled.

The stock was trading at Rs.20.35, down by Rs.1.05 or 4.91%. The stock hit an intraday high of Rs.21 and low of Rs.20.35.

The total traded quantity was 1045 compared to 2 week average of 8854.

Source : Equity Bulls

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