Motherson Sumi Systems converts FCCBs into 210000 Equity Shares

Motherson Sumi Systems Ltd has announced that the Committee of Directors of the Company at their meeting held on February 06, 2010, has made the allotment of 2,10,000 Equity Shares of Rs. 1/- each pursuant to conversion of Zero coupon Foreign Currency Convertible Bonds of Euro 0.30 Millions.

The stock was trading at Rs.129, down by Rs.2.40 or 1.83%. The stock hit an intraday high of Rs.133.55 and low of Rs.128.25.

The total traded quantity was 3376 compared to 2 week average of 42141.

Source : Equity Bulls

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