Vinati Organics Ltd approves conversion of FCCBs

The Board of Directors of Vinati Organics Ltd has approved the allotment of 2218525 equity shares of face value of Rs. 2/- each on the request from IFC (International Finance Corporation) on conversion of Foreign Currency Convertible Bonds (FCCBs) for an aggregate amount USD 5,000,000 being 100% of the initial amount of the FCCBs (as per subscription agreement dated March 04, 2011).

Shares of VINATI ORGANICS LTD. was last trading in BSE at Rs.449 as compared to the previous close of Rs. 449.4. The total number of shares traded during the day was 9493 in over 1167 trades.

The stock hit an intraday high of Rs. 454 and intraday low of 438. The net turnover during the day was Rs. 4253684.

Source : Equity Bulls

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