Aksh Optifibre allots 985033 Equity shares upon conversion of FCCBs

Aksh Optifibre Ltd has announced that the Board of Directors of the Company has allotted 985,033 equity shares on March 05, 2010, upon conversion of FCCBs aggregating USD 1.5 Mn, out of FCCBs aggregating to US$20 Mn issued pursuant to Offering Circular dated January 08, 2008.

The stock was trading at Rs.16.65, up by Rs.0.05 or 0.30%. The stock hit an intraday high of Rs.17 and low of Rs.16.50.

The total traded quantity was 7889 compared to 2 week average of 48686.

Source : Equity Bulls

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