Tantia Constructions repurchases 5000 Foreign Currency Convertible Bonds

Tantia Constructions Ltd has announced that the Company has completed the buy-back of 5000 Foreign Currency Convertible Bonds (FCCBs) of US $ 5,000,000 from the bondholder at mutually agreed available discount rate out of Funds from Internal Accruals of the Company, which was allotted by the Company on July 30, 2007. Consequently, the loan amounting Rs. 30,30,00,000/- (Rupees Thirty Crore Thirty Lac) will reduced proportionately from the Company's balance sheet.

The stock was trading at Rs.91, up by Rs.1 or 1.11%. The stock hit an intraday high of Rs.93.50 and low of Rs.88.60.

The total traded quantity was 35328 compared to 2 week average of 15447.

Source : Equity Bulls

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