Era Infra Engineering allots 84041 shares on conversion of FCCBs

Era Infra Engineering Ltd has announced that the Company has received a Conversion Notice from Deutsche Bank AG London through Citibank for converting 3 Foreign Currency Convertible Bond (FCC) of USS 1,00,000 each.

Accordingly the Share Allotment Committee at its meeting held on May 25, 2010, allotted 84,041 Equity Shares of Rs. 2/- each for cash at a premium of Rs. 156.60 by conversion of Bonds worth US$ 3,00,000.

With the allotment of the above shares the equity base of the Company stand increased from present level of 18,17,15,586 to 18,17,99,627 (Both inclusive) equity shares of Rs 2/- each.

The stock was trading at Rs.211.55, up by Rs.2 or 0.95%. The stock hit an intraday high of Rs.212.45 and low of Rs.210.

The total traded quantity was 42805 compared to 2 week average of 118602.

Source : Equity Bulls

Keywords