Tuesday December 30, 02:00 PM Reuters

Reliance Comm: buys back $25 mln worth foreign bonds

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NEW DELHI (Reuters) - India's No. 2 mobile operator, Reliance Communications (RCOM.NS : 166.6 -1.5), said on Tuesday it had repurchased zero coupon foreign currency convertible bonds worth 1.21 billion rupees ($25 million) at a discount of 52.5 percent.

The company had received approval from India's central bank to buy back foreign currency convertible bonds, it said in a statement.

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