Sesa Goa allots 18376377 shares pursuant to conversion of FCCBs

Sesa Goa Ltd has announced that the Committee of Board of Directors, at its meeting held on April 23, 2010, allotted 1,83,76,377 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. 85,81,52,746/- consisting 85,81,52,746 equity shares of Re. 1/- each after the approval of the allotment.

The stock closed the day at Rs.441.65, down by Rs.15.35 or 3.36%. The stock hit an intraday high of Rs.458.85 and low of Rs.440.

The total traded quantity was 1437842 compared to 2 week average of 1349337.

Source : Equity Bulls

Keywords