Ranbaxy Laboratories redeems US$ 440,000,000 Zero Coupon Convertible Bonds

Ranbaxy Laboratories Ltd has fully redeemed US$ 440,000,000 Zero Coupon Convertible Bonds ("Bonds") on March 18, 2011 (being the maturity date of the Bonds).

The stock was trading at Rs.470.20, up by Rs.2.85 or 0.61%. The stock hit an intraday high of Rs.472.85 and low of Rs.465.95.

The total traded quantity was 0.58 lakhs compared to 2 week average of 0.98 lakhs.

Source : Equity Bulls

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