Uflex allots 50788 shares on conversion of FCCBs

Uflex Ltd has announced that one of the FCCB holders have exercised the option to convert the FCCBs into equity shares to the extent of US$ 200,000.

Accordingly, in terms of offering circular, the Company has allotted 50,788 equity shares of Rs 10/- each to the FCCB holder.

The stock closed the day at Rs.163.20, down by Rs.6.20 or 3.66%. The total traded quantity was 14672 compared to 2 week average of 45210. The stock hit an intraday high of Rs.172.70 and low of Rs.163.20.

Source : Equity Bulls

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