Jindal Stainless allots 16,05,879 equity shares

Jindal Stainless Ltd has announced that on November 02, 2007, the Company has allotted 16,05,879 equity shares of Rs 2/- each upon conversion of 880 - 0.50% Convertible Bonds Due 2009 of US$ 44,00,000. Consequent upon conversion of convertible bonds, the paid up equity share capital of the Company has been increased from Rs 28,84,46,352/- to Rs 29,16,58,110/- divided into 14,58,29,055 equity shares of Rs 2/- each.

Source : Equity Bulls

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