Sintex Industries allots Secured Redeemable Non Convertible Debentures

Sintex Industries Ltd has announced that pursuant to the approval of the (i) the Board of Directors at its meeting held on October 10, 2008, (ii) Committee of Directors at its meeting held on February 16, 2009: (iii) the Committee of Directors at its meeting held on February 18, 2009, the Company has allotted 2500 Nos. Secured Non Convertible Debentures of Rs 10,00,000/- each of the Company to Life Insurance Corporation of India.

The stock was trading at Rs.94.60, up by Rs.1.20 or 1.28%. The stock hit an intraday high of Rs.96.15 and low of Rs.92.25.

The total traded quantity was 433012 compared to 2 week average of 286449.

Source : Equity Bulls

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