Sintex Industries Ltd allots 5601236 Equity Shares

Pursuant to the approval of the Shareholders of Sintex Industries Ltd at the 81st Annual General Meeting of the Company held on September 17, 2012; for issue of US $ 140,000,000, 7.50 per cent, step down Convertible Bonds due 2017, the Committee of Directors at its meeting held on November 01, 2014 has allotted 56,01,236 equity shares of Rs. 1/- each to Foreign Currency Convertible Bonds ("FCCB") holders on the exercise their conversion right.

With the said allotment of 56,01,236 equity shares of Rs. 1/- each of the Company as aforesaid, the paid up equity share capital of the Company as on November 01, 2014 stands increased from Rs. 35,70,56,357/- to Rs. 36,26,57,593/- divided into 36,26,57,593 Equity shares of Re. 1/- each.

Shares of SINTEX INDUSTRIES LTD. was last trading in BSE at Rs.96.05 as compared to the previous close of Rs. 97.6. The total number of shares traded during the day was 1130110 in over 11797 trades.

The stock hit an intraday high of Rs. 99.15 and intraday low of 95.1. The net turnover during the day was Rs. 109528579.

Source : Equity Bulls

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