Following approval of the allotment of foreign currency convertible bonds (FCCBs) due in 2022 for $110 million in a meeting of the FCCB Committee of the Board of Directors of Sintex Industries held on May 25, 2016, the Committee at its meeting held on Tuesday (May 9, 2017) allotted 47,56,954 equity shares of ₹1 each to FCCB holders on the exercise of their conversion right. With this, the paid-up equity share capital of the company as on May 9, 2017 has been increased to ₹55,49,41,700 from ₹55,01,84,746, divided into equity shares of ₹1 each. The shares of Sintex Industries closed at ₹115.85 on the BSE, up 2.70 per cent from its previous closing on Tuesday,

Mangalore Refinery and Petrochemicals has informed the BSE that its Board meeting scheduled for May 15, has been rescheduled and will now be held on May 17. The meeting will consider and approve audited financial statements for the quarter and year-ended March 31, and recommend dividend, if any, for FY 2016-17. Shares of MRPL closed at ₹133.60, down 1.29 per cent, on the BSE.

UCO Bank has said that its Board of Directors at its meeting scheduled to be held on May 12, 2017 will consider a proposal for issue of 75 crore equity shares during the current financial year 2017-18 in one or more tranches through either a follow-on public offer (FPO), qualified institutional placement (QIP), preferential issue, or ESOPs, among others, and at such price as would be determined in accordance with the extant guidelines. The UCO Bank scrip on Tuesday closed at ₹42.65, up 0.71 per cent from its previous close on the BSE.

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