KEI Industries cancels US$1.50 million worth FCCBs

KEI Industries Ltd has announced that the Company has cancelled USD 01.50 Million, 1% Foreign Currency Convertible Bonds (FCCB) of USD 5,000 each due 2011, repurchased in accordance with RBI Circular A.P. (DIR Series) Circular No 39 dated December 08, 2008 related to Buyback / Prepayment of Foreign Currency, Convertible Bonds (FCCBs).

Under tranche 3, the company repurchased & cancelled 300 Bonds. The principal amount of the Bonds outstanding after this repurchase and cancellation is USD 16.60 Million.

The stock closed the day at Rs.28.30, down by Rs.1.45 or 4.87%. The stock hit an intraday high of Rs.30.25 and low of Rs.28.30.

The total traded quantity was 160584 compared to 2 week average of 317641.

Source : Equity Bulls

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