Motherson Sumi Systems Converts FCCBs into 3850000 Equity Shares

Motherson Sumi Systems Ltd has announced that the Board of Directors of the Company at its meeting held on March 31, 2010, has made the allotment of 38,50,000 Equity Shares of Rs. 1/- each pursuant to conversion of Zero coupon Foreign Currency Convertible Bonds of Euro 5.50 Millions.

Post allotment of above shares, the paid up capital of the Company stands at Rs. 37,45,93,800/- and balance of FCCBs at Euro 18.50 Millions.

The stock closed the day at Rs.124, down by Rs.3.15 or 2.48%. The stock hit an intraday high of Rs.129 and low of Rs.123.50.

The total traded quantity was 140850 compared to 2 week average of 61393.

Source : Equity Bulls

Keywords