Sakthi Sugars to consider conversion of FCCBs on Jan 23, 2010

Sakthi Sugars Ltd has announced that a meeting of the Board of Directors of the Company will be held on January 23, 2010, for the purpose of issue and allotment of equity shares in the capital of the Company by conversion of Foreign Currency Convertible Bonds.

The stock was trading at Rs.90.45, down by Rs.2.75 or 2.95%. The stock hit an intraday high of Rs.93.50 and low of Rs.90.

The total traded quantity was 288538 compared to 2 week average of 352110.

Source : Equity Bulls

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