Videocon Industries confirms conversion of 25324 shares

Videocon Industries Ltd has announced that the Rights Issue Committee of the Board of Directors of the Company, has at its meeting held on November 15, 2010, confirmed conversion of 25,324 partly paid-up Equity Shares into fully paid-up Equity Shares, pursuant to the payment of the First and the Final Call Money by the respective shareholders. These partly paid-up Equity Shares were allotted on April 22, 2010, on Rights Basis.

The stock closed the day at Rs.250.45, down by Rs.1.45 or 0.58%. The stock hit an intraday high of Rs.252.90 and low of Rs.247.80.

The total traded quantity was 0.72 lakhs compared to 2 week average of 1.40 lakhs.

Source : Equity Bulls

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