Uflex pays $45 million to buy back some convertibles due 2012

By Devika Patel

Knoxville, Tenn., March 5 - Uflex Ltd. informed the Bombay Stock Exchange that it has bought back 450 of its foreign-currency convertible bonds due 2012 for $45 million.

New Delhi-based Uflex manufactures, imports and sells primarily polyster biaxially oriented polypropylene, moralized and cast polypropylene films, as well as holographic/metalized gift wraps, laminated pouches and flexible laminates.

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