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Published on 5/14/2009 in the Prospect News Convertibles Daily.

GHCL repurchases, extinguishes $6.1 million of 1% convertible bonds due 2011 at discount

By Devika Patel

Knoxville, Tenn., May 14 - GHCL Ltd. informed the Bombay Stock Exchange that it has bought back and extinguished $6.1 million of its 1% convertible bonds due 2011 at a discount.

Following this, there are $61.9 million of the bonds remaining outstanding.

Based in Noida, India, GHCL is a chemical and textile company.


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