Kohinoor Foods to convert FCCBs worth US$ 725000

Kohinoor Foods Ltd has announced that the Company have received a voluntary conversion notice from its Paying and Conversion Agent for conversion of FCCB aggregating USD 725000 held by one the bond holders into shares. Further the Company has informed that, the shares shall be allotted in the Board meeting to be held on October 08, 2008.

The stock was trading at Rs.122.50, down by Rs.0.90 or 0.73%. The stock hit an intraday high of Rs.125.50 and low of Rs.120.55.

The total traded quantity was 16751 compared to 2 week average of 74997.

Source : Equity Bulls

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