Aksh Optifibre allots 5340704 Equity Shares upon conversion of FCCBs

Aksh Optifibre Ltd has announced that the Board of Directors of the Company has allotted 5,340,704 equity shares on May 12, 2010, upon conversion of FCCBs aggregating USD 2.301 Mn, out of FCCBs aggregating to USD 6.328 Mn, issued and allotted on February 05, 2010.

The stock closed the day at Rs.23.20, up by Rs.0.25 or 1.09%. The stock hit an intraday high of Rs.23.70 and low of Rs.22.85.

The total traded quantity was 47179 compared to 2 week average of 95012.

Source : Equity Bulls

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