Ballarpur Industries repurchases $8 million worth FCCBs

Ballarpur Industries Ltd has now announced with reference to the earlier announcement dated April 24, 2009 informing about approval by the Board of Directors of the Company for buyback of Zero Coupon Convertible Bonds (ZCCBs) of US Dollar 60.00 Million, subject to compliance of applicable laws, that the Company has bought back ZCCBs of US Dollar 8.00 Million.

The stock was trading at Rs.20.25, up by Rs.0.20 or 1%. The stock hit an intraday high of Rs.20.45 and low of Rs.19.75.

The total traded quantity was 927444 compared to 2 week average of 2062343.

Source : Equity Bulls

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