Sintex Industries Ltd approves allotment of 47,56,954 Equity Shares

Pursuant to approval of the allotment of FCCBs due 2022 for USD 110 million in meeting of the FCCB Committee of the Board of Directors of Sintex Industries Ltd held on 25th May, 2016, the FCCB Committee of the Board of Directors at its meeting held today i.e. May 9, 2017 has allotted 47,56,954 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 47,56,954 Equity Shares of Re. 1/- each of the Company as aforesaid, the paid up equity share capital of the Company as on May 9, 2017 stands increased from Rs. 55,01,84,746/- to Rs. 55,49,41,700/- divided into 55,49,41,700 Equity shares of Re. 1/- each.

Shares of SINTEX INDUSTRIES LTD. was last trading in BSE at Rs.115.85 as compared to the previous close of Rs. 112.8. The total number of shares traded during the day was 892968 in over 3570 trades.

The stock hit an intraday high of Rs. 116.5 and intraday low of 112.7. The net turnover during the day was Rs. 103019780.

Source : Equity Bulls

Keywords