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Reliance buys back $5 million in 0% foreign-currency convertibles
By Devika Patel
Knoxville, Tenn., April 14 - Reliance Communications Ltd. informed the Bombay Stock Exchange that it bought back $5 million of its zero-coupon foreign-currency convertible bonds.
The 50 bonds were bought at a discount and will be extinguished on April 15.
Reliance is a telecommunications company based in Navi Mumbai, India.
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