Ashok Leyland allots 14,70,000 equity shares on conversion of FCCNs

Ashok Leyland Ltd has announced that the Board Committee at its meeting held on August 20, 2007, has allotted 14,70,000 shares of Re 1/- each on conversion of 1000 Notes (Foreign Currency Convertible Notes) (FCCNs).

Further the Company has informed that, taking into account the above allotment, the total issued and paid-up capital of the Company as on August 20, 2007 is Rs 133,03,38,317 consisting of 133,03,38,317 equity shares of Re 1 each.

The stock was trading at Rs.35.45, down by Rs.0.40 or 1.12%. The stock hit an intraday high of Rs.35.75 and low of Rs.35.35. The total traded quantity was 69685 compared to 2 week average of 368443.

Source : Equity Bulls

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