Helios and Matheson Information Technology Limited has bought back foreign currency convertible bonds (FCCBs) of nominal value of $1.40 million at 25% discount as per the guidelines and requisite approvals received from the Reserve Bank of India.
The company, in a statement to the Bombay Stock Exchange said the bonds that have been bought back have since been cancelled and extinguished.
"After cancellation of $1.40 million bonds, the total outstanding value of the bonds now stand reduced to $15.60 million," the statement said.
