Gremach Infrastructure allots 1144113 Shares on conversion of FCCBs

Gremach Infrastructure Equipments & Projects Ltd has announced that the Board of Directors of the Company at its meeting held on June 22, 2009, inter alia, has considered, discussed and approved the issue and allotment of an aggregate of 11,44,113 fully paid equity shares of Rs 10 each to the investor/s who have exercised their right to convert FCCBs of USD 82,05,000.

The stock was trading at Rs.34.10, up by Rs.1.60 or 4.92%. The stock hit an intraday high of Rs.34.10 and low of Rs.31.70.

The total traded quantity was 113192 compared to 2 week average of 303664.

Source : Equity Bulls

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