Jindal Stainless approves issue of 10.94 lakh equity shares

New Delhi, Oct 26 (UNI) Jindal Stainless Ltd today said its board has approved the issue of 10.94 lakh equity shares of Rs two each upon conversion of 600 Convertible Bonds.

Convertible Bonds are due 2009 of 30 lakh dollars. Consequent upon conversion of convertible bonds, the paid up equity share capital of the Company has been increased from Rs 28.62 crore to Rs 28.84 crore, a company statement said.

UNI