Era Infra Engineering converts 1 FCCB, allots 28013 shares

Era Infra Engineering Ltd has announced that the Company has received a Conversion Notice from Praveen Jain, through Citibank for converting 1 Foreign Currency Convertible Bond (FCCB) of US$1,00,000.

Accordingly the Share Allotment Committee at its meeting held on June 28, 2010, allotted 28,013 Equity Shares of Rs. 2/- each for cash at a premium of Rs. 156.60 by conversion of Bonds worth US$ 1,00,000.

With the allotment of the above shares the equity base of the Company stand increased from present level of 18,17,99,627 to 18,18,27,640 (Both inclusive) equity shares of Rs. 2/- each.

The stock was trading at Rs.207.05, down by Rs.0.25 or 0.12%. The stock hit an intraday high of Rs.207.60 and low of Rs.207.05.

The total traded quantity was 67746 compared to 2 week average of 106273.

Source : Equity Bulls

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