Sesa Goa allots 1549813 shares pursuant to conversion of FCCBs

Sesa Goa Ltd has announced that the Committee of Board of Directors, at their meeting held on May 17, 2010, allotted 15,49,813 equity shares of Re. 1/- each as per requests received for conversion of FCCBs from bondholders.

The paid-up equity share capital of the Company would stand at Rs. 55,97,02,559/- consisting 85,97,02,559 equity shares of Re. 1/- each alter the approval of the allotment.

The stock was trading at Rs.378.05, down by Rs.11.25 or 2.89%. The stock hit an intraday high of Rs.390.50 and low of Rs.375.05.

The total traded quantity was 952587 compared to 2 week average of 2406959.

Source : Equity Bulls

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