Aksh Optifibre approves allotment of 3481555 shares

Aksh Optifibre Ltd has announced that the Board of Directors of the Company at its meeting held on October 22, 2010, have duly considered and approval the issue and allotment of 3,481,555 equity shares pursuant to the conversion of FCCBs aggregating USD 1.5 Mn. out of FCCBs aggregating to USD 6.328 Mn. issued on February 05, 2010.

The stock closed the day at Rs.23.20, up by Rs.0.95 or 4.27%. The stock hit an intraday high of Rs.24.15 and low of Rs.22.40.

The total traded quantity was 19.75 lakhs compared to 2 week average of 7.95 lakhs.

Source : Equity Bulls

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