Graphite India Ltd allots 795516 shares on FCCB conversion

Graphite India Ltd has announced that The Company had in September 2005 issued 1% Foreign Currency Convertible Bonds (FCCBs) due 2010 aggregating US$ 40 million.

The Committee of Directors have on May 17, 2010 allotted 795,516 equity shares of Rs. 2/- each on conversion of 1000 FCCBs aggregating US$ 10,00,000 at a conversion price of Rs. 55.31 per share. Post allotment the paid-up capital of the Company has increased to Rs. 34,62,02,284/- from Rs. 34,46,11,252/-.

The stock was trading at Rs.98.80, down by Rs.0.05 or 0.05%. The stock hit an intraday high of Rs.100 and low of Rs.95.

The total traded quantity was 146404 compared to 2 week average of 273355.

Source : Equity Bulls

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