Euro Ceramics Ltd allots 5159705 shares

The Board of Directors of Euro Ceramics Ltd at its meeting held on February 06, 2014, has issued and allotted 51,59,705 Equity Shares of Rs. 10/- each upon conversion of 51,59,705 Compulsory Convertible Debentures at a price of Rs. 24.42 per share (including premium of Rs. 14.42 per share), which were issued as per the terms of Letter of Approval (LOA) issued by Corporate Debt Restructuring (CDR) cell, on August 08, 2012 on preferential basis.

Accordingly, the Paid up share capital of the Company is increased from Rs. 28,57,80,120 divided into 28578012 Equity Shares of Rs. 10/- each to Rs. 33,73,77,170 divided into 33737717 Equity Shares of Rs. 10/- each.

Shares of Euro Ceramics Ltd was last trading in BSE at Rs.3.64, down by Rs.0.16 or 4.21%. The stock hit an intraday high of Rs.3.64 and intraday low of Rs.3.64.

The total traded quantity was 200 shares as compared to 2 week average of 1892 shares.

Source : Equity Bulls

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