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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.