REI Six Ten Retail allots 27 lakh FCDs

REI Six Ten Retail Ltd has announced that the Committee of the Directors (CoD) of the Company in their meeting held on December 29, 2009 had issued 27,00,000 fully convertible Debentures i.e. 20,00,000 fully convertible Debentures to Writers & Publishers Pvt. Ltd. and 7,00,000 fully convertible Debentures to HT Media Ltd of face value Rs. 100 each, for an amount aggregating to Rs. 27.00 Crore (Rupees Twenty Seven Crore only) on preferential basis Convertible into Equity Shares according to the provisions of SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2009.

The stock closed the day at Rs.108.25, down by Rs.1.95 or 1.77%. The stock hit an intraday high of Rs.116.50 and low of Rs.107.50.

The total traded quantity was 291522 compared to 2 week average of 1125.

Source : Equity Bulls

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