Graphite India allots 795516 shares on conversion of 1000 FCCBs

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 June 16, 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. 34,77,93,316/- from Rs. 34,62,02,284/-.

The stock closed the day at Rs.98.80, up by Rs.3.90 or 4.11%. The stock hit an intraday high of Rs.100.55 and low of Rs.93.50.

The total traded quantity was 229536 compared to 2 week average of 53746.

Source : Equity Bulls

Keywords