Firstsource rejoices on redeeming FCCBs

05 Dec 2012 Evaluate

Firstsource Solutions is currently trading at Rs. 12.20, up by 0.13 points or 1.08% from its previous closing of Rs. 12.07 on the BSE.

The scrip opened at Rs. 12.11 and has touched a high and low of Rs. 12.34 and Rs. 11.95 respectively. So far 935864 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.14 on 24-Feb-2012 and a 52 week low of Rs. 5.67 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 12.84 and Rs. 11.80 respectively. The current market cap of the company is Rs. 828.94 crore.

The promoters holding in the company stood at 19.85 % while Institutions and Non-Institutions held 2.05 % and 78.09 % respectively.

Firstsource Solutions, which  has issued $275 million zero coupon foreign currency bonds (FCCBs) due for redemption on December 04, 2012, of which, bonds of face value $169.80 million which had a redemption value of $236.650 million were outstanding. Further, the company has duly redeemed these bonds on December 04, 2012.

The repayment was funded by way of the company’s cash reserves augmented with the preferential allotment of shares made to Spen Liq and external borrowings. The company has, thus, fully discharged its obligation towards the bondholders.

Firstsource Solutions is a global provider of business process management services. The company offers wide range services in area of banking and financial services, telecommunications and media and the healthcare industry. Firstsource provides services throughout the customer lifecycle that includes customer acquisition, customer care, billing and collections, transaction processing and business research and analytics.

Firstsource Solution Share Price

196.75 -1.95 (-0.98%)
18-May-2024 12:50 View Price Chart
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