Sesa Goa allots 8413274 shares pursuant to conversion of FCCBs

Sesa Goa Ltd has announced that the Committee of Board of Directors, at its meeting held on March 15, 2010, allotted 84,13,274 equity shares of Re. 1/- each under as per request received for conversion of FCCBs from bondholders.

The paid-up equity share capital of the Company would stand at Rs. 83,09,61,802 consisting 83,09,61,082 equity shares of Re. 1/- each after the approval of the allotment.

The Total FCCBs issued (Face Value USD 1,00,000) were 5000 and 147 FCCBs are converted till date and 608 FCCBs are now converted. The number of FCCBs converted till date is 755 and the % converted is 15.10.

The stock closed the day at Rs.436.60, up by Rs.3.65 or 0.84%. The stock hit an intraday high of Rs.443.90 and low of Rs.428.70.

The total traded quantity was 1053264 compared to 2 week average of 1480545.

Source : Equity Bulls

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