RCom buys back FCCBs worth Rs 252.6 mn

Reliance Communications has repurchased 50, Zero Coupon Foreign Currency Convertible Bonds (FCCBs) each of USD 100,000, according to media reports. The FCCBs aggregating Rs 256.6 million approx at a discount. The bonds are expected to be extinguished on April 15, 2009.

Reliance Communications offers a reliable, high-capacity, integrated (both wireless and wireline) and convergent (voice, data and video) digital network. It offers a range of services spanning the entire infocomm (information and communication) value chain, including infrastructure and services for enterprises as well as individuals, applications, and consulting.