India's NDTV buys back all $100 million of its step-up coupon bonds

By Devika Patel

Knoxville, Tenn., Nov. 19 - New Delhi Television Ltd. informed the Bombay Stock Exchange that its subsidiary, NDTV Networks plc, repurchased all $100 million of its step-up coupon bonds due 2012.

The bonds were repurchased for $72.4 million. NDTV financed the repurchase through bank loans.

The repurchase has allowed NDTV to reduce its outstanding borrowings significantly and cut down on its interest burden.

New Delhi Television produces news, current affairs and entertainment television programs and is based in New Delhi.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.