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HCC redeems FCCBs

HCC redeems FCCBs

Hindustan Construction Company has made payment towards redemption of the outstanding Zero Coupon Convertible Foreign Currency Bonds along with the accumulated redemption premium at the redemption price of 137.7 per cent of the principal amount.

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OVL races for oil block

OVL races for oil block

An unknown company has outbid ONGC Videsh’s bid to buy Exxon Mobil’s 25 per cent stake in a deep-sea oil block in Angola.