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Vardhman Polytex buys back FCCB of $12 million

17 May 2011 Evaluate

Vardhman Polytex, after receiving approval from Reserve Bank of India (RBI), has brought back Foreign Currency Convertible Bonds (FCCB) of $12 million, having face value of $3.5 million at discount of 49.88% with a total outflow of $1.745 million.

Vardhman Polytex is engaged in the manufacture of yarn. It is also engaged in cotton spinning and line manufacturing, staple fiber yarn machine combing and re-combing of all types of fibers. It produces various categories of yarns like cotton, polyester cotton blended, synthetic, acrylic and dyed yarns

Peers
Company Name CMP
Vardhman Textiles 563.65
Welspun Living 203.20
Arvind 557.75
Raymond Lifestyle 668.50
K.P.R. Mill 1118.60
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