Sintex Industries Ltd has informed BSE that 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, the Committee of Directors at its meeting held on January 29, 2015 has allotted 29,26,018 equity shares of Rs. 1/- each to Foreign Currency Convertible Bonds ("FCCB") holders on the exercise of their conversion right.
With the said allotment of 29,26,018 equity shares of Rs. 1/- each of the Company as aforesaid, the paid up equity share capital of the Company as on January 29, 2015 stands increased from Rs. 37,70,78,682/- to Rs. 38,00,04,700/- divided into 38,00,04,700 Equity shares of Re. 1/- each. The company shares were trading at Rs. 115.15, up 0.70 per cent at BSE.
The stock has hit a high of Rs. 116.50 and a low of Rs. 114.20. Total traded quantity on the counter stood at over 10.67 lk shares.
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