Indowind Energy receives RBI approval for conversion of outstanding Bonds

Indowind Energy Ltd has announced that the Company has received approval from RBI for conversion of outstanding Bonds of US $ 30 Million into common Equity Shares based on floor price to be approved in the forth coming Board Meeting as per SEBI guidelines with cap of Rs. 65/-.

The stock was trading at Rs.52.75, up by Rs.0.25 or 0.48%. The stock hit an intraday high of Rs.54.20 and low of Rs.51.75.

The total traded quantity was 11.28 lakhs compared to 2 week average of 2.55 lakhs.

Source : Equity Bulls

Keywords