3i Infotech repurchases FCCBs

3i Infotech Ltd has announced that the Company have repurchased and cancelled Foreign Currency Convertible Bonds.

The company has repurchased bonds worth Euro 1 Million out of Euro 30 million Zero Coupon Convertible Bonds due 2012 with maturity of April 03, 2012.

The company has repurchased bonds worth USD 17.033 Million out of US $ 100 Million Zero Coupon Convertible Bonds due 2012 with maturity of July 27, 2012.

The nominal amount of Bonds outstanding after the above cancellation is as below:

Maturity - April 03, 2012
Description - Euro 30 million Zero Coupon Convertible Bonds due 2012
Nominal Amount of Bonds outstanding - Euro 26 Million

Maturity - July 27, 2012
Description - US $ 100 million Zero Coupon Convertible Bonds due 2012
Nominal Amount of Bonds outstanding - USD 74.867 Million.

The stock was trading at Rs.42.20, up by Rs.2.80 or 7.11%. The stock hit an intraday high of Rs.42.30 and low of Rs.38.

The total traded quantity was 1216883 compared to 2 week average of 648314.