The Hindu Business Line : Sterlite Optical share allotment

Sterlite Optical Technologies Ltd has informed the Bombay Stock exchange that the committee of directors constituted for preferential allotment, at its meeting held on March 29, has allotted equity shares and warrants to Twinstar International Ltd, Mauritius, promoter aggregating Rs 33.6 crore. The company has allotted 28 lakh shares at Rs 100 per share, aggregating Rs 28 crore. It has also allotted 56 lakh warrants with the option to convert each warrant into one equity share of Rs 5 each, within 18 months period from the date of allotment. The company received Rs 5.6 crore on these warrants. Shares of Sterlite Optical moved up by 1.02 per cent to Rs 94 in Thursday's trade on the BSE.

More Stories on : Preferential Allotments | Stocks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Kamdhenu Ispat to set up 5 stockyards

Pennar assets in Hindalco custody

Sterlite Optical share allotment

Mumbai co set to buy Nagarjuna Agri Tech

Glaxo's patent on AIDS drug opposed

Zee announces share swap ratio

Mittal takes stake in Indiabulls Credit

Myanmar okays GAIL plan to buy stake in A-3 Block

Ranbaxy scores hat-trick with Belgian buy

Advinus set for Rs 22-cr expansion in Bangalore

IOC flags off petrochem complex at Paradip

Indoco Remedies to kick off 2 projects in April

STC sees 33 pc rise in turnover