India Infoline approves issue of shares on conversion of bonds

India Infoline Ltd has announced that the Board of Directors of the Company has approved allotment of 5,88,235 equity shares of the Company pursuant to receipt of notice from DSP Merrill Lynch Capital Ltd for conversion of balance 1,000 Optionally Convertible Bonds as per the terms of issue.

The stock closed the day at Rs.597.90, up by Rs.5.25 or 0.89%. The stock hit an intraday high of Rs.624 and low of Rs.584. The total traded quantity was 619943 compared to 2 week average of 1001201.

Source : Equity Bulls

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