Jindal Saw allots 289511 Equity Shares on conversion of FCCBs

Jindal Saw Ltd has announced that the Committee of Directors at its meeting held on April 09, 2010 has allotted 289511 Equity Shares on exercise of option of conversion of JPY (Yen) 9,090,000,000 - 0.75% Convertible Bonds due 2011 (the "Bonds") by Bond holder(s).

Deutsche Bank AG opted for conversion of 490 bonds and 143293 Equity Shares were allotted. Deutsche Bank AG opted for conversion of 500 bonds and 146218 Equity Shares were allotted.

The stock closed the day at Rs.219.20, up by Rs.0.70 or 0.32%. The stock hit an intraday high of Rs.221.25 and low of Rs.218.50.

The total traded quantity was 266013 compared to 2 week average of 277890.

Source : Equity Bulls

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