Jindal Stainless Hisar Ltd approves conversion of CCW

Jindal Stainless (Hisar) Ltd have received notice dated September 01, 2016, from 'JSL Limited' and 'Jindal Infrastructure and Utilities Limited', members of the promoter group, for conversion of 12,50,00,000 Compulsory Convertible Warrants ("CCW") in aggregate having face value of Rs. 2 each into 47,49,240 Equity Shares of Rs.2 each in aggregate at a price of Rs. 52.64 per share (including premium of Rs.50.64 per share).

Source : Equity Bulls

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