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The committee of directors of Sintex Industries on Thursday allotted 29.26 lakh equity shares of ₹1 each to foreign currency convertible bond holders upon early exercise of their conversion right. The FCCBs, due for conversion in 2017, were allotted on September 17, 2012 for $140 million at 7.50 per cent. Following the allotment of shares, the paid-up equity capital has increased to ₹38 crore from ₹37.70 crore. Shares of Sintex Industries closed at ₹114, down 0.35 per cent on the NSE.
The board of directors of MPS on Thursday approved an issue of securities of the company through a qualified institutional placement for an amount aggregating to ₹150 crore. The board also approved declaration of a second interim dividend of ₹10 a share for financial year 2014-15. Shares of the printing and stationery firm fell 7 per cent at ₹924.50 on the BSE.
Suryalakshmi Cotton Mills has informed the BSE that due to labour unrest in the company's denim making division near Ramtek, Nagpur, Maharashtra, production operations have been suspended. The company is negotiating with the workers Union and is "reasonably confident" of settling the issue at an early date. The company, however, did not disclose the financial/production impact of the unrest. Shares of Suryalakshmi Cotton Mills tumbled 2.56 per cent at ₹95.10 on the BSE.
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