GHCL repurchases Bonds worth $16.70 million

GHCL Ltd has announced that pursuant to the approval received from Reserve Bank of India, the Company has repurchased (buyback) 1% Convertible Bonds due 2011 ("Bonds") in tranches aggregating to face value of USD 16,700,000 (sixteen million and seven lakh) at a discount and has extinguished same.

Further the Company has informed that, after the cancellation of USD 16.70 million of Bonds, the total outstanding of the Bonds is USD 44.20 million.

The stock was trading at Rs.53.95, down by Rs.0.25 or 0.46%. The stock hit an intraday high of Rs.55.35 and low of Rs.53.70.

The total traded quantity was 481894 compared to 2 week average of 1234880.

Source : Equity Bulls

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