Hotel Leelaventure buys back FCCBs worth $30 mn

Hotel Leelaventure today said it has repurchased 300 units of foreign currency convertible bonds worth $30 million.

"Repurchase of $30 million (aggregating 30 per cent of outstanding $100 million) zero coupon foreign currency convertible bonds, is done before the due date on 2012," the company said in a filing to the National Stock Exchange.

Further, the maturity of the aforesaid bonds were due on April 2012, the filing added.

On Friday, shares of the company settled at Rs 18.05, down 0.28 per cent on the NSE.