Stocks

Vinati Organics

| Updated on July 23, 2014

The board of directors of Vinati Organics will meet on August 2 to consider and approve the allotment of 22.18 lakh equity shares of face value of ₹2 each on the International Finance Corporation’s request on conversion of foreign currency convertible bonds for an aggregate amount $5 billion being 100 per cent of the initial amount of the FCCBs, according to subscription agreement dated March 4, 2011. The company board will also consider unaudited financial results for the quarter ended June 30. Shares of Vinati ended at ₹360.3, down 2 per cent over the previous day's close.

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Published on July 23, 2014
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