Motherson Sumi Systems converts FCCBs into 7 lakh Equity Shares

Motherson Sumi Systems Ltd has announced that directors of the Company at their meeting held on January 11, 2010 have made the allotment of 7,00,000 Equity Shares of Rs. 1/- each pursuant to conversion of Zero coupon Foreign Currency Convertible Bonds of Euro 1 (One) Million.

The stock closed the day at Rs.146.10, up by Rs.3.45 or 2.42%. The stock hit an intraday high of Rs.148 and low of Rs.145.

The total traded quantity was 24309 compared to 2 week average of 96318.

Source : Equity Bulls

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