Jamna Auto converts FCDs, warrants into shares at Rs 72

Jamna Auto Industries Ltd has announced that the Board of Directors of the Company at its meeting held on December 22, 2008, has approved the conversion of 1,00,000 compulsory fully convertible debentures of Rs 72 each, issued to Clearwater Capital Partners (Cyprus) Ltd, into 1,00,000 equity shares of Rs 10 each fully paid at a premium of Rs 62 per equity share.

The Board also approved the conversion of 2,00,000 convertible warrants of Rs 72 each, issued to Map Auto Ltd, into 2,00,000 equity shares of Rs 10 each fully paid at a premium of Rs 62 per equity share.

The Jamna Auto stock was trading at Rs.16.90, up by Rs.0.77 or 4.77%. The stock hit an intraday high of Rs.16.90 and low of Rs.16.30.

The total traded quantity was 410 compared to 2 week average of 2738.

Source : Equity Bulls

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