Epic Research

Monday, April 1, 2013

Epic Update : Welspun Corp

Epic Update Welspun CorpWelspun Corp, the flagship company of the $3.5 billion Welspun Group and the 2nd largest line pipe company in the world has repurchased part of 4.50% Foreign Currency Convertible Bonds (FCCBs) Bonds, due 2014. The company has repurchased $24.4 million through the open market route, at an average discount of approximately 7% on the accreted value of the bonds.

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