Aksh Optifibre to open FCCB issue on February 5, 2010

Aksh Optifibre Ltd has announced that the Committee of Directors (CoD) of the Company at its meeting held on February 01, 2010 has approved the opening of FCCBs issue aggregating upto US$ 7.54 MN, to be opened on February 05, 2010.

The FCCBs are being Issued pursuant to an Exchange Offer to the existing bond holders of FCCBs raised in January 2007 and due for Redemption.

However, the FCCB Issue is subject to all the necessary approvals being in place before the allotment.

The stock was trading at Rs.18.80. The stock hit an intraday high of Rs.19.35 and low of Rs.18.80.

The total traded quantity was 19757 compared to 2 week average of 47164.

Source : Equity Bulls

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