Sintex Industries Ltd approves allotment of 3659195 Equity Shares

Pursuant to approval of the allotment of FCCBs due 2022 for USD 110 million in meeting of the FCCB Committee the Board of Directors of Sintex Industries Ltd held on May 25, 2016, the FCCB Committee the Board of Directors at its meeting held on January 30, 2017 has allotted 36,59,195 Equity shares of Re. 1/- each to Foreign Currency Convertible Bonds ("FCCB") holders on the exercise of their conversion right.

With the said allotment of 36,59,195 Equity Shares of Re. 1/- each of the Company aforesaid, the paid up equity share capital of the Company as on January 30, 2017 stands increased from Rs. 52,34,72,621/- to Rs. 52,71,31,816/- divided into 52,71,31,81 Equity shares of Re. 1/- each.

Shares of SINTEX INDUSTRIES LTD. was last trading in BSE at Rs.88.6 as compared to the previous close of Rs. 84.3. The total number of shares traded during the day was 1359819 in over 6629 trades.

The stock hit an intraday high of Rs. 89.05 and intraday low of 83.05. The net turnover during the day was Rs. 118118375.

Source : Equity Bulls

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