Indo Rama Synthetics India Ltd approves conversion of GDRs into Equity Shares

Brookgrange Investments Limited, a Promoter Group Company, has converted 9,01,000 (Nine Lakh One Thousand) Global Depository Receipts (GDRs) into 72,08,000 (Seventy Two Lakh Eight Thousand) Equity Shares of Rs.10/- each of Indo Rama Synthetics (India) Ltd on February 07, 2017.

After conversion, the outstanding GDRs are 3,85,320 (Three Lakh Eighty Five Thousand Three Hundred Twenty) convertible into 30,82,560 (Thirty Lakh Eighty Two Thousand Five Hundred Sixty) Equity Shares of Rs.10/- each.

Shares of INDO RAMA SYNTHETICS (INDIA) LTD. was last trading in BSE at Rs.36.85 as compared to the previous close of Rs. 37.4. The total number of shares traded during the day was 193791 in over 2239 trades.

The stock hit an intraday high of Rs. 38.6 and intraday low of 36.5. The net turnover during the day was Rs. 7272615.

Source : Equity Bulls

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