XL Telecom allots 621718 shares at Rs 160

XL Telecom & Energy Ltd has announced that a Committee of the Board of Directors at its meeting held on August 25, 2009 have allotted 621,718 (Six lac Twenty One Thousands Seven Hundred Eighteen only) Equity Shares of Rs 10/- each of the Company at a premium of Rs 150/- per share to "Credit Suisse (Singapore) Ltd" upon conversion of Foreign Currency Convertible Bonds to the extent of US$ 2.50 million.

Consequently, the paid up Equity Share Capital of the Company has been increased from 19034139 Equity Shares of Rs 10/- each, to 19655857 Equity Shares of Rs 10/- each.

The stock was trading at Rs.45.95, up by Rs.1.95 or 4.43%. The stock hit an intraday high of Rs.46.20 and low of Rs.43.50.

The total traded quantity was 95317 compared to 2 week average of 51031.

Source : Equity Bulls

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