Bilcare resets FCCB conversion price

Bilcare Ltd has announced that the Company has received consent from the bondholders to reset the Conversion Price of its Zero Coupon Convertible Bonds 2010 to Rs.483.28.

Accordingly, the Conversion Price has been reset and the new Conversion Price of the above Bonds will be Rs.483.28.

The Stock was trading at Rs.516.95, up by Rs.7.05 or 1.38%. The stock hit an intraday high of Rs.523 and low of Rs.510.

The total traded quantity was 2321 compared to 2 week average of 49273.

Source : Equity Bulls

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