Jindal Saw allots 2600897 shares

Jindal Saw Ltd has announced that the Committee of Directors in their meeting held on September 18, 2009, allotted 26,00,897 equity shares of Rs. 10/- at a price of Rs. 819/- on exercise of option of conversion of 27,30,000 - 9.5% unsecured compulsorily convertible debentures (CCDs) by Anbeeco Investments Ltd., the allottee of CCDs.

The stock was trading at Rs.732.10, down by Rs.8.10 or 1.09%. The stock hit an intraday high of Rs.750.50 and low of Rs.726.50.

The total traded quantity was 289709 compared to 2 week average of 509346.

Source : Equity Bulls

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