Jindal Stainless has allotted 14,96,386 equity shares of Rs 2 each upon conversion of 820 - 0.50% convertible bonds due 2009 of US$ 41,00,000.Consequent upon conversion of convertible bonds, the paid up equity share capital of the company has been increased from Rs 29,18,77,092 to Rs 29,48,69,864 divided into 14,74,34,932 equity shares of Rs 2 each.
These shares were allotted by the company on 30 November 2007.
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