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Ruchi pays $7.55 million to repurchase 15 million convertible bonds
By Devika Patel
Knoxville, Tenn., March 18 - Ruchi Infrastructure Ltd. informed the Bombay Stock Exchange that it bought back 15 million of its foreign currency convertible bonds for $7.55 million on March 16.
The convertibles were bought at prices ranging from $50.25 to $50.50 per bond.
Ruchi is a Mumbai, India-based operator of storage tank farms.
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