Quadrant Televentures Limited allots 860000 CCDs

Quadrant Televentures Limited has approved the Allotment of 8,60,000 (Eight Lacs Sixty Thousands) Unsecured Zero Coupon Compulsory Convertible Debentures of face value of Rs. 1,000/- (Rupees One Thousand only) each convertible into 86,00,000 (Eighty Six Lacs) 2% Non-Cumulative, Non-Convertible, Redeemable Preference Shares of face value of Rs. 100/- (Rupees One Hundred only) each, in one or more tranches for an amount not exceeding Rs.86,00,00,000/- (Rupees Eighty Six Crores only), to Videocon Telecommunications Limited, pursuant to conversion of Advances made by M/s Videocon Telecommunications Limited from time to time, in compliance with CDR package.

Shares of Quadrant Televentures Limited-$ was last trading in BSE at Rs.2.06 as compared to the previous close of Rs. 1.9. The total number of shares traded during the day was 89685 in over 70 trades.

The stock hit an intraday high of Rs. 2.14 and intraday low of 1.8. The net turnover during the day was Rs. 174460.

Source : Equity Bulls

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