Wednesday, April 15, 2009

Recent developments in our pending buys:-
3i Infotech said that it had repurchased a part of its foreign currency convertible bonds. The company in a note to Bombay Stock Exchange said that it bought back $17 million worth of bonds out of $100 million bonds and 1 million Euro bonds out of 30 million bonds due in 2012. Both are zero coupon bonds said the company in the note.
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Original posting on 3i Infotech:-
McDowell (United Spirits):-
United Spirits Ltd has informed BSE regarding a Press Release dated April 14, 2009 titled "United Spirits Ltd sells 90 million cases in 2008-2009; Narrows the gap to the No 1 position in the global spirits market". The company has sold 90 million cases in 2008-09, a 20% volume growth over previous year.
Link for the Press Release:-
Original Posting on McDowell:-

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