IKF Finance to consider conversion of FCDs on Jun 05, 2009

IKF Finance Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 05, 2009, inter alia, to consider and approve the conversion of 61,14,665 Fully Convertible Debentures, issued / allotted during December 2007 on preferential basis, into Equity Shares of Rs 10/- each.

The Board to consider further issue of Fully Convertible Debentures (FCDs) / Share Warrants / Equity Shares on Preferential basis.

The stock closed on Friday at Rs.10.50, down by Rs.0.03 or 0.28%. The stock hit an intraday high of Rs.11 and low of Rs.9.55.

The total traded quantity was 1981 compared to 2 week average of 5387.

Source : Equity Bulls

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