XL Telecom & Energy allots 1119093 sjares

XL Telecom & Energy Ltd has announced that a Committee of the Board of Directors at its meeting held on September 15, 2009, inter alia, have allotted 11,19,093 (Eleven lacs Nineteen Thousand Ninety Three only) Equity Shares of Rs 10/- each of the Company at a premium of Rs 150/- per share to "Morgan Stanley Mauritius Company Ltd" upon conversion of Foreign Currency Convertible Bonds to the extent of US$ 4.50 million.

Consequently, the paid up Equity Share Capital of the Company has been increased from 19655857 Equity Shares of Rs 10/- each to 20774950 Equity Shares of Rs 10/- each.

The stock was trading at Rs.55.40, up by Rs.1.45 or 2.69%. The stock hit an intraday high of Rs.56 and low of Rs.54.25.

The total traded quantity was 88300 compared to 2 week average of 184459.

Source : Equity Bulls

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