Monnet Ispat allots 194772 Shares upon conversion of FCCBs

Monnet Ispat Ltd has announced that the Company has increased the paid-up equity share capital by making an allotment of 194772 equity shares of Rs. 10/- each upon conversion of 14 FCCBs due 2011.

The stock closed the day at Rs.625, up by Rs.1.90 or 0.30%. The stock hit an intraday high of Rs.635 and low of Rs.615.

The total traded quantity was 0.11 lakhs compared to 2 week average of 0.76 lakhs.

Source : Equity Bulls

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