Shakti Pumps firms up on buyback of FCCB

type="text/javascript">Series) circular No. 39 by rising ECB of USD 04.50
Shakti Pumps is surging high in the tradingmillion being sanctioned Barclays Bank PLC,
sessions on the back of reports that theMauritius vide their sanction letter dated
company had raised USD 06.50 million of ForeignDecember 17, 2009.
Currency Convertible Bonds (FCCB) on May 03,Shakti Pumps has an equity capital of Rs 6.22
2007 for a tenor of 05 years & 07 days with acrore as of March 2009. The face value per share
maturity date of May 10, 2012. The Companyis Rs 10. At the current price of Rs 126.5, the P/E
have re-purchased on December 30, 2009 thesemultiple stood at 10.08 with book Value of 65.93
Foreign Currency Convertible Bonds amounting toand P/BV at 1.92.
US $ 6.5 million as per RBI circular No. A.P. (DIR