Jindal Stainless allots 3,26,650 shares on conversion of bonds

Jindal Stainless Ltd has announced that on June 01, 2007, the Company has allotted 3,26,650 equity shares of Rs 2/- each upon conversion of 179 - 0.50% Convertible Bonds Due 2009 of US$ 8,95,000. Consequent upon conversion of convertible bonds, the paid up equity share capital of the Company has been increased from Rs 27,64,42,412/- to Rs 27,70,95,712/- divided into 13,85,47,856 equity shares of Rs 2/- each.

Source : Equity Bulls

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