Amtek Auto repurchases FCCBs worth $9.5 million

Amtek Auto Ltd has announced that the Company has repurchased and cancelled, of the face value US$ 9,500,000, of June 2010 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$ 8,000,000.

The stock closed the day at Rs.194.70, up by Rs.15.85 or 8.86%. The stock hit an intraday high of Rs.197.90 and low of Rs.180.

The total traded quantity was 425207 compared to 2 week average of 170494.

Source : Equity Bulls

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