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Published on 3/30/2009 in the Prospect News Convertibles Daily.

Nahar buys back $25.5 million in foreign currency convertible bonds

By Devika Patel

Knoxville, Tenn., March 30 - Nahar Industrial Enterprises Ltd. informed the Bombay Stock Exchange that it repurchased $25.5 million of its foreign currency convertible bonds.

Based in Punjab, India, Nahar is a textile company that manufactures yarn, fabrics and readymade garments.


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