Cambridge Solutions to consider conversion of FCCBs

Cambridge Solutions Ltd has announced that a meeting of the Board of Directors of the Company will be held on September 07, 2007, inter alia, to consider the Conversion of Convertible Bonds issued to Indopark Holding Ltd into 6158986 equity shares of Rs 10/- each at a premium of Rs 207/- per share.

The stock was trading at Rs.122, up by Rs.3.10 or 2.61%. The stock hit an intraday high of Rs.135 and low of Rs.116.10. The total traded quantity was 67339 compared to 2 week average of 27683.

Source : Equity Bulls

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