HEG allots 11320 Equity Shares pursuant to conversion of FCCBs

HEG Ltd has announced that the entire outstanding Foreign Currency Convertible Bonds (FCCBs) amounting to USD 0.05 million (out of the total issue of USD 28.75 million in the month of July 2005) due for redemption in July, 2010, have been converted into 11320 Equity Shares of the Company and allotted by the Allotment Committee of the Company at its meeting held on June 29, 2010 at a conversion price of Rs. 192.06 per share. Post allotment, the paid up capital of the Company has increased to Rs. 42,84,49,070/- from Rs. 42,83,35,870/-.

The stock was trading at Rs.320, down by Rs.2.30 or 0.71%. The stock hit an intraday high of Rs.325.60 and low of Rs.319.30.

The total traded quantity was 1546 compared to 2 week average of 10774.

Source : Equity Bulls

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