Era Infra Engineering Ltd has announced that the Company has received a Conversion Notice from Elra Capital PLC, London through Citi Bank for converting 10 Foreign Currency Convertible Bond (FCCB) of US$ 1,00,000. Accordingly the Share Allotment Committee at its meeting held on February 06, 2010, allotted 280138 Equity Shares of Rs. 2/- each for cash at a premium of Rs. 156.60 by conversion of Bonds worth USD 10,00,000.
With the allotment of the above shares the equity base of the Company stand increased from present level of 17,87,18,104 (Nos.) to 17,89,98,242 (Nos.) equity shares of Rs. 2/- each.
The Stock closed the day at Rs.199.80, up by Rs.1.10 or 0.55%. The stock hit an intraday high of Rs.200.55 and low of Rs.199.50.
The total traded quantity was 31894 compared to 2 week average of 206549.
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Union Budget