Hotel Leelaventure redeems Euro Bonds

Hotel Leelaventure Ltd has announced that the Company has fully redeemed on maturity date its outstanding Euro Bonds aggregating Euro 39.20 million (originally Euro 60 million) together with the redemption premium and interest due as on September 15, 2010 in terms of the Offering Circular dated September 15, 2005. The said bonds were listed on Singapore Exchange Securities Trading Limited. Further, the Company has informed that these outstanding Euro bonds now cease to exist.

The stock was trading at Rs.54.80, up by Rs.0.10 or 0.18%. The stock hit an intraday high of Rs.55.30 and low of Rs.54.25.

The total traded quantity was 1.66 lakhs compared to 2 week average of 4.49 lakhs.

Source : Equity Bulls

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