Reliance repurchases $25 million in foreign currency convertibles

By Devika Patel

Knoxville, Tenn., Dec. 30 - Reliance Communications Ltd. informed the Bombay Stock Exchange that bought back $25 million of its foreign currency convertible bonds on Dec. 29 for about Rs. 1.21 billion, which equals a discount of 52.5%.

Reliance is a telecommunications company based in Navi Mumbai, India.

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