KEI Industries cancels $4 million 1% foreign currency convertibles

By Jennifer Chiou

New York, May 28 - KEI Industries Ltd. informed the Bombay Stock Exchange that it has repurchased and canceled $4 million of its 1% foreign currency convertible bonds due 2011.

The company bought back 800 of the bonds.

Following the repurchase, $18.1 million of the bonds remains outstanding.

KEI is a New Delhi-based manufacturer of wires and cables.

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