Graphite India Limited allots 795516 shares on FCCB conversion

Graphite India Ltd has announced that the Company had in September 2005 issued 1% Foreign Currency Convertible Bunds (FCCBs) due 2010 aggregating US$ 40 million.

The Committee of Directors have on July 27, 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. 36,68,85,704/- to Rs. 36,84,76,736.

The stock closed the day at Rs.100.75, up by Rs.0.55 or 0.55%. The stock hit an intraday high of Rs.102.85 and low of Rs.100.

The total traded quantity was 0.40 lakhs compared to 2 week average of 1.03 lakhs.

Source : Equity Bulls

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