JBF Industries to consider conversion of 700 FCCBs

JBF Industries Ltd has announced that the Committee of Board of Directors for FCCB conversion of the Company will meet on August 14, 2010, to consider the request received from the Bondholder for the conversion 700 Foreign Currency Convertible Bonds, worth of USD 7 Million.

The stock was trading at Rs.141.20, up by Rs.0.85 or 0.61%. The stock hit an intraday high of Rs.142.40 and low of Rs.138.40.

The total traded quantity was 2.51 lakhs compared to 2 week average of 3.47 lakhs.

Source : Equity Bulls

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