Motherson Sumi Systems converts FCCBs into 1120000 Equity Shares

Motherson Sumi Systems Ltd has announced that the Board of Directors of the Company at its meeting held on January 28, 2010, has made the allotment of 11,20,000 Equity Shares of Rs. 1/- each pursuant to conversion of Zero coupon Foreign Currency Convertible Bonds of Euro 1.60 Millions.

The stock was trading at Rs.137.80, up by Rs.2.30 or 1.70%. The stock hit an intraday high of Rs.141.75 and low of Rs.127.

The total traded quantity was 148390 compared to 2 week average of 42680.

Source : Equity Bulls

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