Videocon Industries allots 49,204 shares on conversion of FCCBs

Videocon Industries Ltd has announced that the Board of Directors of the Company has allotted 49,204 equity shares pursuant to conversion of 500 5% Foreign Currency Convertible Bonds of US$ 1,000 each, due on March 07, 2011, at a conversion price of Rs 448.59 per equity share.

The stock closed the day at Rs.436.90, up by Rs.2.85 or 0.66%. The stock hit an intraday high of Rs.438.70 and low of Rs.427. The total traded quantity was 13736 compared to 2 week average of 64917.

Source : Equity Bulls

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