Micro Technologies to convert 5 FCCBs

Micro Technologies (India) Ltd has announced that the Company has received the notice from FCCB holder for conversion of 5 Foreign Currency Convertible Bonds of USD 100000 each into 80551 equity shares of Rs. 10/- each of the Company and the meeting of the Board of Directors is scheduled on May 21, 2010 to consider the allotment of shares.

The stock closed the day at Rs.188.40, up by Rs.2.60 or 1.40%. The stock hit an intraday high of Rs.192 and low of Rs.185.05.

The total traded quantity was 16450 compared to 2 week average of 20560.

Source : Equity Bulls

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