NIIT allots 2,188,000 equity shares on conversion of FCCBs to Intel Capital

NIIT Ltd has announced that the Share Allotment Committee of the Company at its meeting held on May 31, 2007, has allotted 2,188,000 Equity Shares of Rs 10/- each at the premium of Rs 190 each to Intel Capital (Cayman) Corporation upon the Conversion of 1000 FCCBs of US$ 10,000 each aggregating US$ 10,000,000 in accordance with terms of Issue of FCCBs.

The stock was trading at Rs.869, up by Rs. 3.35 or 0.39%. The stock hit an intraday high of Rs.889 and low of Rs.867.60. The total traded quantity was 1373 compared to 2 week average of 19135.

Source : Equity Bulls

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