Videocon Industries Converts Partly Paid-up Shares into Fully Paid-up Equity 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 January 22, 2011, confirmed conversion of 4,747 partly paid-up Equity Shares in 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.211.50, up by Rs.1.60 or 0.76%. The stock hit an intraday high of Rs.212.50 and low of Rs.208.25.

The total traded quantity was 0.29 lakhs compared to 2 week average of 0.58 lakhs.

Source : Equity Bulls

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