Ruchi Infrastructure allots 1580000 shares

Ruchi Infrastructure Ltd has announced that the FCCB Committee of the Board of Directors of the Company at its meeting held on May 18, 2010 has issued and allotted 15,80,000 equity shares of Re. 1/- each on conversion of 7 FCCBs of USD 200,000 each, in accordance with the terms and conditions of the Offering Circular. Post Such allotment the paid up equity share capital of the Company is Rs. 20,52,39,942 divided into 20,52,39,942 equity shares of Re. 1/- each.

The stock was trading at Rs.50.10, up by Rs.0.55 or 1.11%. The stock hit an intraday high of Rs.51.50 and low of Rs.48.40.

The total traded quantity was 80705 compared to 2 week average of 142426.

Source : Equity Bulls

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