Motherson Sumi converts FCCBs into 14 lakh Equity Shares

Motherson Sumi Systems Ltd has announced that the Board of Directors of the Company at its meeting held on January 07, 2010, has made the allotment of 14,00,000 Equity Shares of Rs.1/- each pursuant to conversion of Zero coupon Foreign Currency Convertible Bonds of Euro 2 (Two) Millions.

The stock was trading at Rs.146.20, up by Rs.1.25 or 0.86%. The stock hit an intraday high of Rs.149.95 and low of Rs.145.

The total traded quantity was 17335 compared to 2 week average of 104862.

Source : Equity Bulls

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