Bhagyanagar India cancels repurchased FCCBs worth $1 million

Bhagyanagar India Ltd has announced that the Company has completed the process of cancellation/extinguishment of 10 FCCB's each of US $ 1,00,000 aggregating US $ 1.0 million (Nominal value) which are bought back by the Company at a discount as per the terms of the existing regulations of the Reserve Bank of India. Hence, the total outstanding FCCB's as on date is US $ 14.0 million.

The stock closed the day at Rs.26.60, down by Rs.0.40 or 1.48%. The stock hit an intraday high of Rs.27.70 and low of Rs.26.50.

The total traded quantity was 58993 compared to 2 week average of 54999.

Source : Equity Bulls

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