GHCL repurchases FCCBs worth US$ 1 million

GHCL Ltd has announced 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 1,000,000 (one million) at a discount and has extinguished same.

Further, the Company has inform that after the cancellation of USD 1.00 million of Bonds, the total outstanding of the Bonds is USD 60.90 million.

The stock closed the day at Rs.40.60, down by Rs.1.30 or 3.10%. The stock hit an intraday high of Rs.42.30 and low of Rs.40.15.

The total traded quantity was 652936 compared to 2 week average of 387693.

Source : Equity Bulls

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