Castex Technologies Ltd to convert all FCCBs

The Board of Directors of Castex Technologies Ltd at its meeting held on July 31, 2015, has decided to mandatorily convert all the outstanding bonds of US $ 80.80 Million out of FCCB Issue of US $ 130 Million. The conversion date for conversion of Bond into Equity Shares, would be September 10, 2015.

The Board has also decided to mandatorily convert all the outstanding bonds of US $ 56.60 Million of FCCB Issue out of US $ 70 Million. The conversion date for conversion of Bond into Equity Shares, would be September 25, 2015.

In view of the above, The Board has also approved issuance of mandatory conversion notices, in terms of the bond documents.

Shares of AMTEK INDIA LTD. was last trading in BSE at Rs.176.7 as compared to the previous close of Rs. 186. The total number of shares traded during the day was 1246 in over 19 trades.

The stock hit an intraday high of Rs. 176.7 and intraday low of 176.7. The net turnover during the day was Rs. 220168.

Source : Equity Bulls

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