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Wednesday, April 21, 2010

Bharat Forge redeems FCCBS worth $131 mn

Bharat Forge Ltd said on Tuesday it redeemed Foreign Currency Convertible Bonds worth USD 131 million.

In 2005, the company had issued the FCCBs in two tranches of USD 120 million to finance capital expenditure and global acquisitions, it said in a statement.

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