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Man Industries buys back Zero Coupon FCCBs worth $0.2 million

03 May 2012 Evaluate

Man Industries (India) has repurchased Zero Coupon Foreign Currency Convertible Bonds (FCCBs) worth $0.2 million of face value, listed on the Singapore Exchange Securities Trading, at discount in accordance with permission of Reserve Bank of India.

The cancellation & extinguishment of the same will be done as per the terms of the Offering Circular.

Man Industries is an ISO 9001/14001/18001 accredited company, is a leading manufacturer of SAW Pipes and coating system for high pressure Oil & Gas applications with a potential production capacity of approximately one million MT of SAW Pipes per annum.

Peers
Company Name CMP
JSW Steel 1267.50
Tata Steel 182.85
Steel Authority 179.00
Jindal Stainless 755.20
APL Apollo Tubes 2153.00
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