Sintex Industries Ltd allots 1254008 Equity Shares

The Committee of Directors of Sintex Industries Ltd at its meeting held on November 29, 2014 has allotted 12,54,008 equity shares of Rs. 1/- each to Foreign Currency Convertible Bonds ("FCCB") holders on the exercise of their conversion right. This allottment was done pursuant to the approval of the Shareholders of the company 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.

With the said allotment of 12,54,008 equity shares of Rs. 1/- each of the Company as aforesaid, the paid up equity share capital of the Company as on November 29, 2014 stands Increased from Rs. 36,80,91,626/- to Rs. 36,93,45,634/- divided into 36,93,45,634 Equity shares of Re. 1/- each.

Shares of SINTEX INDUSTRIES LTD. was last trading in BSE at Rs.93.55 as compared to the previous close of Rs. 90.75. The total number of shares traded during the day was 1317347 in over 12118 trades.

The stock hit an intraday high of Rs. 95.35 and intraday low of 92.3. The net turnover during the day was Rs. 123808225.

Source : Equity Bulls

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