Monnet Ispat allots 1711218 equity shares

Monnet Ispat Ltd has announced that the Company has increased the paid-up equity share capital on February 04, 2011 by making an allotment of 1711218 equity shares of Rs. 10/- each upon conversion of 123 FCCBs due 2011.

The stock closed the day at Rs.570, down by Rs.1.95 or 0.34%. The stock hit an intraday high of Rs.588 and low of Rs.555.05.

The total traded quantity was 1642 compared to 2 week average of 19250.

Source : Equity Bulls

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