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Moser Baer to buy back FCCBs worth $500,000

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Press Trust of India Mumbai

Compact disc maker Moser Baer India today said it will buy back 20 Foreign Currency Convertible Bonds (FCCB)s for $500,000 (nearly Rs 2.43 crore).

In a filing to the Bombay Stock Exchange, Moser Baer India informed that it would repurchase 20 convertible bonds for an amount of $500,000.

Shares of the company were trading at Rs 63.50, up 1.2% on the BSE.

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First Published: Jan 14 2009 | 1:37 PM IST

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