Firstsource Solutions Cancels Zero Coupon Convertible Bonds due 2012

Firstsource Solutions Ltd has now announced with reference to the repurchase of Zero Coupon Convertible Bonds due 2012 ("Bonds"), that Bonds aggregating USD 19.1 million have now been cancelled.

The Company had issued Bonds aggregating to USD 275.0 million face value. With this cancellation the Company has, in all, repurchased & cancelled Bonds of the face value of USD 102.7 million.

The stock was trading at Rs.8.49, down by Rs.0.15 or 1.74%. The stock hit an intraday high of Rs.8.79 and low of Rs.8.45.

The total traded quantity was 4.46 lakhs compared to 2 week average of 6.97 lakhs.

Source : Equity Bulls

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