Era Infra allots 532262 shares

Era Infra Engineering Ltd has announced that the Company has obtained in-principal approval from Stock Exchanges on March 19, 2009 in respect of 5,32,262 equity shares allotted upon the conversion of Foreign Currency Convertible Bonds (FCCB's) allotted by the share allotment committee of Board of Directors.

The stock was trading at Rs.87.95, up by Rs.4.30 or 5.14%. The stock hit an intraday high of Rs.89.45 and low of Rs.83.90.

The total traded quantity was 28189 compared to 2 week average of 120028.

Source : Equity Bulls

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