Bhagyanagar India cancels 40 FCCBs bought back

Bhagyanagar India Ltd has announced that the Company has completed the process of cancellation / extinguishment of 40 Foreign Currency Convertible Bonds (FCCB's) each of US$ 1,00,000 aggregating US$ 4.0 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 100 FCCB of US$ 1,00,000 each, aggregating US$ 10.0 million.

The stock was trading at Rs.26.55, down by Rs.0.05 or 0.19%. The stock hit an intraday high of Rs.26.95 and low of Rs.26.40.

The total traded quantity was 50341 compared to 2 week average of 39817.

Source : Equity Bulls

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