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Sunday, April 24, 2011

Aarvee Denims & Exports Ltd: Repurchase of US$ 3.5 million 0% Coupon Convertible Bonds Due 2012

Aarvee Denims & Exports Ltd has informed BSE that the Company has repurchased 0% Coupon Convertible Bonds Due 2012 aggregating to face value of US$ 3.5 million at discount and in terms of approval received from Reserve Bank of India.

The amount of Bonds outstanding after this repurchase is US$ 4.00 million.

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