Sintex Industries Ltd allots 1045006 shares on conversion of FCCBs

Pursuant to the approval of the Shareholders of Sintex Industries Ltd at the 81st Annual General Meeting of the Company held on September 17, 2012; for issue of US $ 140,000,000, 7.50 per cent, step down Convertible Bonds due 2017, the Committee of Directors at its meeting held on December 27, 2014 has allotted 10,45,006 equity shares of Rs. 1/- each to Foreign Currency Convertible Bonds ("FCCB") holders on the exercise of their conversion right.

With the said allotment of 10,45,006 equity shares of Rs. 1/- each of the Company as aforesaid, the paid up equity share capital of the Company as on December 27, 2014 stands increased from Rs. 37,35,25,661/- to Rs. 37,45,70,667/- divided into 37,45,70,667 Equity shares of Re. 1/- each.

Shares of SINTEX INDUSTRIES LTD. was last trading in BSE at Rs.95.85 as compared to the previous close of Rs. 94. The total number of shares traded during the day was 1172136 in over 10818 trades.

The stock hit an intraday high of Rs. 96.75 and intraday low of 93.15. The net turnover during the day was Rs. 111658410.

Source : Equity Bulls

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