Ester Industries Ltd has announced that the Board of Directors of the Company at its meeting held on November 27, 2009, has allotted 5,217,392 Nos. Zero Coupon Unsecured Fully and Compulsorily Convertible Debentures of face value of Rs. 5/- each at a premium of Rs. 18/- each aggregating to Rs. 12,00,00,016 (Rupees Twelve Crores Sixteen) to M/s. Wilemina Finance Corporation and Naomi Consolidated Inc. and 2,173,914 Nos. Coupon Convertible Share Warrants of face value of Rs. 5/- at a premium of Rs. 18/- each aggregating to Rs. 5,00,00,022 (Rupees Five Crores Twenty Two) to Super Leasing Ltd. on preferential basis in pursuance to the special resolution passed by the members of the Company in the Extra Ordinary General Meeting of the Company held on October 21, 2009.
The stock was trading at Rs.19.80, down by Rs.0.60 or 2.94%. The stock hit an intraday high of Rs.19.90 and low of Rs.18.80.
The total traded quantity was 81623 compared to 2 week average of 127932.
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