Amtek Auto repurchases and cancels FCCBs

Amtek Auto Ltd has announced that the Company has repurchased and cancelled of the face value US$ 113,900,000 of June 2011 Foreign Currency Convertible Bonds (FCCBs), at a discount in compliance with the RBI FCCB Buyback Guidelines.

As a result of their repurchase of FCCBs the Company's outstanding FCCBs as on date at US$ 136,100,000.

The stock closed the day at Rs.171.50, down by Rs.5.25 or 2.97%. The stock hit an intraday high of Rs.175.50 and low of Rs.167.

The total traded quantity was 142770 compared to 2 week average of 235079.

Source : Equity Bulls

Keywords