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JSW Steel cancels 14.74% of FCCBs

This article was posted on Apr 6, 2009 and is filed under Stock News

JSW Steel Ltd has cancelled 14.74% of its outstanding zero coupon foreign Currency Convertible Bonds (FCCBs) of US$1,00,000 each due 2012, aggregating to US$47.80mn, repurchased in accordance with the A.P. (DIR Series) Circular No. 39 dated December 08, 2008 issued by the Reserve Bank of India.

The principal amount of Bonds outstanding after this repurchase and cancellation is US$276.40mn.

source: Indiainfoline

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