Aksh Optifibre allots FCCBs

Aksh Optifibre Ltd has announced that the Committee of Board of Directors of the Company has allotted USD 6,328,000 1% Unsecured Foreign Currency Convertible Bonds due 2013 pursuant to an Exchange Offer to the existing Bondholders of FCCBs raised in January 2007 and due for Redemption.

The stock was trading at Rs.18.20, up by Rs.0.05 or 0.28%. The stock hit an intraday high of Rs.18.90 and low of Rs.17.80.

The total traded quantity was 14294 compared to 2 week average of 42466.

Source : Equity Bulls

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