KEI Industries buys back, extinguishes $10.55 million in 1% foreign currency convertibles

By Devika Patel

Knoxville, Tenn., May 8 - KEI Industries Ltd. informed the Bombay Stock Exchange that it has repurchased and cancelled $10.55 million of its 1% foreign currency convertible bonds due 2011.

The company bought back 2,110 of the bonds.

There are $22.1 million of the bonds remaining outstanding after this repurchase.

KEI is a New Delhi-based manufacturer of wires and cables.

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