Bartronics India allots FCCBs for US$25 million

Bartronics India Ltd has announced that the Board of Directors of the Company at its meeting held on June 04, 2007, inter alia, has allotted 250 Zero coupon unsecured Foreign Currency Convertible Bonds (FCCB) due 2012, of US$ 100,000 each for an aggregate amount of US$ 25,000,000 to be listed on the Singapore Stock Exchange Securities Trading Ltd (SGX-ST) with a conversion price of INR 140.00 and YTM of 7.25%.

The stock was trading at Rs.126.50, down by Rs.3.30 or 2.54%. The stock hit an intraday high of Rs.131 and low of Rs.126.40. The total traded quantity was 38440 compared to 2 week average of 51499.

Source : Equity Bulls

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