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Hotel Leelaventure Limited has announced that the company has achieved considerable success in the second round of its exercise to buyback Foreign Currency Convertible bonds, before the window for the buyback as stipulated by the RBI closes in the year end.
The company has announced that the company has bought back and cancelled US$25mn of the FCCB maturity 2012 at a substantial discount to its accelerated price.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.