The board of Welspun Corp has approved buyback of part of the outstanding bonds, which the company had issued at 4.5 per cent convertible at $150 million (about Rs 800 crore).

The bonds were listed on Singapore Exchange Securities Trading Ltd.

The company said its current outstanding is $105.9 million and the bonds mature in 2014.

The stock gained 0.85 per cent at Rs 53.25 on the BSE.

(This article was published on March 15, 2013)
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