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Easun Reyrolle soars on redeeming FCCBs worth $4 million

10 Dec 2012 Evaluate

Easun Reyrolle is currently trading at Rs. 72.75, up by 1.75 points or 2.46% from its previous closing of Rs. 71.00 on the BSE.

The scrip opened at Rs. 72.00 and has touched a high and low of Rs. 73.00 and Rs. 70.50 respectively.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 77.35 on 03-Dec-2012 and a 52 week low of Rs. 47.20 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 77.35 and Rs. 70.10 respectively. The current market cap of the company is Rs. 151.89 crore.

The promoters holding in the company stood at 29.06% while Institutions and Non-Institutions held 5.49% and 65.45% respectively.

Easun Reyrolle has redeemed Foreign Currency Convertible Bonds (FCCBs) worth $4 million and remitted the maturity amount to Bank of New York Mellon, the trustee of the bondholders. The company has redeemed the final tranche of $4 million bonds along with redemption-premium. As of now, the entire FCCB loan of $35 million raised during December 2007 is fully cleared and discharged.

Earlier in December 05, 2007, the company raised FCCBs aggregating to $35 million payable after 5 year. Out of this issue, the company had bought-back bonds worth $31 million during December 2009, leaving only $4 million to be redeemed on maturity, which is been redeemed now.

Easun Reyrolle is an acknowledged leader in the field of electrical power management. It offers a ‘One Touch Access’ to power system solutions, as a dependable partner to customers, in India & abroad. 

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