Zenith Computers buys back FCCBs worth $2 million

Zenith Computers Ltd has announced that as per the guidelines and requisite approvals received from the Reserve Bank of India, the Company has bought back Foreign Currency Convertible bonds (FCCBs) of the face value of US$ 2 Million at a discount exceeding 25%.

After this Buyback, the total outstanding amount of FCCBs which was at US$ 12 Million now stands at US$ 10 Million.

The stock was trading at Rs.22.05, down by Rs.0.15 or 0.68%. The stock hit an intraday high of Rs.22.40 and low of Rs.22.05.

The total traded quantity was 2740 compared to 2 week average of 4326.

Source : Equity Bulls

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