Mounteverest Trading allots 17.50 lakh FCDs

Mounteverest Trading & Investment Ltd has announced that the Board of Directors of the Company at its meeting held on November 21, 2009, have allotted 1,750,000 Fully Convertible Debentures (FCD) at a price of Rs. 300/- each, to Vistabrook Ltd. convertible, in one or more tranche(s) into 1,750,000 equity shares of Rs. 10/- each within a period of 18 months from the date of issue. These FCD have been allotted subject to lock-in in terms of SEBI (Issue of Capital and Disclosure Requirements} Regulations, 2009.

The stock closed the day at Rs.379, up by Rs.9.50 or 2.57%. The stock hit an intraday high of Rs.387.90 and low of Rs.351.10.

The total traded quantity was 196 compared to 2 week average of 109.

Source : Equity Bulls

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