Motherson Sumi Systems Converts FCCBs into 2030000 Equity Shares

Motherson Sumi Systems Ltd has announced that Directors of the Company at their meeting held on January 16, 2010 have made the allotment of 20,30,000 Equity Shares of Rs. 1/- each pursuant to conversion of Zero coupon Foreign Currency Convertible Bonds of Euro 2.90 Million.

The stock was trading at Rs.152, up by Rs.0.70 or 0.46%. The stock hit an intraday high of Rs.155.40 and low of Rs.148.40.

The total traded quantity was 24903 compared to 2 week average of 93686.

Source : Equity Bulls

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