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Welspun plans to buy back outstanding 4.5% convertibles due 2014
By Marisa Wong
Madison, Wis., March 14 - Welspun Corp. Ltd. said it plans to repurchase its outstanding 4.5% convertible bonds due 2014.
The buyback was approved by the company's board of directors on Monday.
As of March 14, $105.9 million of the original $150 million principal amount of bonds remained outstanding.
Welspun is a pipe producer based in Mumbai, India.
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