Era Infra Engineering allots 28013 shares on Conversion of FCCBs

Era Infra Engineering Ltd has announced that the Company has received a Conversion Notice from Elara Capital Plc, through Citi Bank for converting 1 Foreign Currency Convertible Bond (FCCB) of US$ 1,00,000 each.

Accordingly the Share Allotment Committee at its meeting held on April 12, 2010, allotted 28,013 Equity Shares of Rs. 2/- each for cash at a premium of Rs. 156.60 by conversion of Bonds worth USD 1,00,000.

With the allotment of the above shares the equity base of the Company stand increased from present level of 17,91,66,325 to 17,91,94,338 (Both inclusive) equity shares of Rs. 2/- each.

The stock was trading at Rs.232.30, up by Rs.0.15 or 0.06%. The stock hit an intraday high of Rs.235.45 and low of Rs.231.95.

The total traded quantity was 98762 compared to 2 week average of 163399.

Source : Equity Bulls

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