Aksh Optifibre allots 1620317 Equity shares upon conversion of FCCBs

Aksh Optifibre Ltd has announced that the Board of Directors of the Company has allotted 16,20,317 equity shares on July 23, 2010.

919,364 equity shares upon conversion of FCCBs aggregating USD 1.4 Mn, out of FCCBs aggregating to USD 20 Mn, issued on January 08, 2008.

700,953 equity shares allotted upon conversion of FCCBs aggregating USD 0.302 Mn, out of FCCBs aggregating to USD 6.328Mn issued on February 05, 2010.

The stock closed the day at Rs.19.50, down by Rs.0.75 or 3.70%. The stock hit an intraday high of Rs.20.35 and low of Rs.19.20.

The total traded quantity was 0.77 lakhs compared to 2 week average of 0.74 lakhs.

Source : Equity Bulls

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