Jindal Stainless allots 109491 equity shares on conversion of bonds

Jindal Stainless Ltd has announced that the Company on November 16, 2007, has allotted 1,09,491 equity shares of Rs 2/- each upon conversion of 60 - 0.50% Convertible Bonds Due 2009 of US$ 3,00,000. Consequent upon conversion of convertible bonds, the paid up equity share capital of the Company has been increased from Rs 29,16,58,110/- to Rs 29,18,77,092/- divided into 14,59,38,546 equity shares of Rs 2/- each.

Source : Equity Bulls

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