JSW Steel repurchases FCCBs worth $48 mn

JSW Steel Ltd has repurchased 478 zero coupon foreign currency convertible bonds (FCCBs) of $1,00,000 each aggregating to $47.80 million, listed on the Singapore Exchange Securities Trading Ltd.

“This is in accordance with the A.P. (DIR Series) Circular No. 39 dated December 08, 2008 issued by the Reserve Bank of India (RBI),” the company said in a release.