Gangotri Iron converts 5719694 partly paid up shares

Gangotri Iron & Steel Company Ltd has announced with reference to the first & final call of Rs. 10/- per share (comprising of Rs. 5/- per share towards equity capital and Rs. 5/- per share as premium) on each of 57,19,694 partly paid up equity shares and has fixed February 26, 2010 as the record date for the same, that in a meeting of board of directors held on May 08, 2010 has converted 57,19,694 partly paid up equity shares of Rs. 5/- paid up to fully paid up equity share of Rs. 10/- after the receipt of first & final call. After this conversion entire 57,19,694 partly paid up equity shares have been converted into fully paid up equity shares.

The stock was trading at Rs.53, down by Rs.1 or 1.85%. The stock hit an intraday high of Rs.54.80 and low of Rs.52.

The total traded quantity was 38505 compared to 2 week average of 186264.

Source : Equity Bulls

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