Bhagyanagar India repurchases FCCBs worth $4 million at a discount

Bhagyanagar India Ltd has announced that in terms of the existing regulations of the Reserve Bank of India, the Company has further bought back 40 FCCB's each of US $ 1,00,000 aggregating US $ 4.0 million (Nominal value) at a discount.

The Company has initiated the process of extinguishment/cancellation of the same.

The stock was trading at Rs.26.95, up by Rs.0.25 or 0.94%. The stock hit an intraday high of Rs.27 and low of Rs.26.25.

The total traded quantity was 18057 compared to 2 week average of 58411.

Source : Equity Bulls

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