Moser Baer pays $3.53 million to buy back some of its convertibles

By Devika Patel

Knoxville, Tenn., Feb. 17 - Moser Baer India Ltd. informed the Bombay Stock Exchange that it paid $3,528,750 to fund the repurchase of 145 of its foreign currency convertible bonds.

The company bought back 25 of its tranche A bonds for $600,000 and 40 of its tranche B bonds for $963,750 on Feb. 16.

The issuer also bought back 40 of its tranche A bonds for $985,000 and 40 of its tranche B bonds for $980,000 on Feb. 17.

Moser Baer is a New Delhi-based optical media manufacturer.

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