Aksh Optifibre approves issue of 985033 shares

Aksh Optifibre Ltd has announced that the Board of Directors of the Company at its meeting held on November 22, 2010, have duly considered and approved the issue and allotment of 985,033 equity shares pursuant to the conversion of FCCBs aggregating USD 1.5 Mn. out of FCCBs aggregating to USD 20 Mn issued on January 08, 2008.

The stock was trading at Rs.20.85, down by Rs.0.80 or 3.70%. The stock hit an intraday high of Rs.21.60 and low of Rs.20.10.

The total traded quantity was 4.39 lakhs compared to 2 week average of 15.48 lakhs.

Source : Equity Bulls

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