Shakti Pumps repurchases FCCBs

Shakti Pumps India Ltd has announced that the Company had raised Foreign Currency Convertible Bonds (FCCB) of USD 06.50 million on May 03, 2007 for a tenor of 05 years & 07 days with a maturity date of May 10, 2012. The Company have re-purchased on December 30, 2009 these Foreign Currency Convertible Bonds amounting to US $ 6.5 million as per RBI circular No. A.P. (DIR Series) circular No. 39 by rising ECB of USD 04.50 million being sanctioned Barclays Bank PLC, Mauritius vide their sanction letter dated December 17, 2009.

The stock was trading at Rs.128.90, up by Rs.6.35 or 5.18%. The stock hit an intraday high of Rs.128.95 and low of Rs.125.

The total traded quantity was 11295 compared to 2 week average of 12919.

Source : Equity Bulls

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