Info-Drive Software Ltd allots 66099000 Equity shares pursuant to conversion of FCCBs - Tranche-2

The Committee of Directors of Info-Drive Software Ltd at its meeting held on August 14, 2015, has allotted 6,60,99,000 equity shares of Re. 1/- each at the Conversion price of Re. 1/- per share against the conversion of FCCBs to the bondholders on the exercise of their conversion right according to the terms of the FCCB Issue.

Shares of INFO-DRIVE SOFTWARE LTD. was last trading in BSE at Rs.0.37 as compared to the previous close of Rs. 0.4. The total number of shares traded during the day was 462470 in over 65 trades.

The stock hit an intraday high of Rs. 0.43 and intraday low of 0.36. The net turnover during the day was Rs. 173145.

Source : Equity Bulls

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