Indo Rama Synthetics India Ltd converts 383500 GDRs into Equity Shares

Brookgrange Investments Limited, a Promoter Group Company of Indo Rama Synthetics India Ltd, has converted 3,83,500 (Three Lakh Eighty Three Thousand Five Hundred) Global Depository Receipts (GDRs) into 30,68,000 (Thirty Lakh Sixty Eight Thousand ) Equity Shares of Rs.10/- each of the Company on 15th April 2017. After conversion, the outstanding GDRs are 1,820 (One Thousand Eight Hundred Twenty) convertible into 14,560 (Fourteen Thousand Five Hundred Sixty) Equity Shares of Rs.10/- each.

Shares of INDO RAMA SYNTHETICS (INDIA) LTD. was last trading in BSE at Rs.40.2 as compared to the previous close of Rs. 35.85. The total number of shares traded during the day was 513372 in over 2903 trades.

The stock hit an intraday high of Rs. 40.9 and intraday low of 36.05. The net turnover during the day was Rs. 20113357.

Source : Equity Bulls

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