HEG allots 905654 Equity Shares pursuant to conversion of FCCBs

HEG Ltd has announced that out of the outstanding Foreign Currency Convertible Bonds (FCCBs) amounting to USD 6.05 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 12, 2010, has allotted 905654 Equity Shares upon conversion of FCCBs amounting to USD 4.00 Million at a conversion price of Rs. 192.06 per share. Post allotment, the paid up capital of the Company has increased to Rs. 42,38,07,610/- from Rs. 41,47,51,070/-.

The stock was trading at Rs.395.15, down by Rs.0.35 or 0.09%. The stock hit an intraday high of Rs.402.70 and low of Rs.395.

The total traded quantity was 29815 compared to 2 week average of 226959.

Source : Equity Bulls

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