ACC allots shares against conversion of FCCB`s
ACC allots shares against conversion of FCCB`s The shareholders / investors grievance committee of ACC on Sep. 26, 2007 allotted 96,666 shares against conversion of FCCB`s by bond holders. >Consequently, the paid up share capital of the company increased from 18,74,42,441 shares to 18,75,39,107 shares of Rs 10 face value. The company announced sharp drop in net profit for the quarter ended June 2007. During the quarter, the company reported fall in profit to Rs 3,512.40 million from Rs 4,055.80 million, in the corresponding quarter last year. Net sales for the quarter rose 27.76% to Rs 18,679.50 million, compared with the corresponding quarter, a year ago. Shares of the company were last trading up Rs 6.50, or 0.55%, to Rs 1,195.00. The total volume of shares traded were 98,194 at the BSE.(1.35 pm, Friday).
