HEG allots 452827 Equity Shares pursuant to conversion of FCCBs

HEG Ltd has announced that out of the outstanding Foreign Currency Convertible Bonds (FCCBs) amounting to USD 8.05 million (out of the total issue of USD 28.75 million in the month of July, 2005) due for redemption in July, 2010, the Allotment Committee of Directors of the Company at its meeting held on January 01, 2010, has allotted 4,52,827 Equity Shares upon conversion of FCCBs amounting to USD 2.00 Million at a conversion price of Rs. 192.06 per share. Post allotment, the paid up capital of the Company has increased to Rs. 41,47,51,070/- from Rs. 41,02,22,800/-.

The stock was trading at Rs.395.20, up by Rs.6.15 or 1.58%. The stock hit an intraday high of Rs.400.80 and low of Rs.388.

The total traded quantity was 148049 compared to 2 week average of 501190.

Source : Equity Bulls

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