Jindal Stainless allots 19,16,106 shares on conversion of Bonds

Jindal Stainless Ltd has announced that on June 08, 2007, the Company has allotted 19,16,106 equity shares of Rs 2/- each upon conversion of 1050 - 0.50% Convertible Bonds Due 2009 of US$ 52,50,000. Consequent upon conversion of convertible bonds, the paid up equity share capital of the Company has been increased from Rs 27,70,95,712/- to Rs 28,09,27,924/- divided into 14,04,63,962 equity shares of Rs 2/- each.

The stock closed the day at Rs.141.95, down by Rs.3.90 or 2.67%. The total traded quantity was 39454 compared to 2 week average of 111327. The stock hit an intraday high of Rs.144.90 and low of Rs.141.20.

Source : Equity Bulls

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