Hotel Leela Buys Back Euro 12.20 Million & US$33 Million Worth FCCBs

Equity Bulls -- Hotel Leelaventure Ltd has announced that the Company has achieved considerable success in the exercise of Buyback of its Foreign Currency Convertible Bonds. The quantum of FCCBs bought back and cancelled as on March 31, 2009 stood at Euro 12.20 Mn constituting 23.7% of the outstanding Euro 51.40 Million due September 2010.