Videocon Industries - Conversion Of FCCBs Into Equity Shares

Videocon Industries Ltd has informed that the Board of Directors of the Company has allotted 49,204 equity shares pursuant to conversion, of 500 5% Foreign Currency Convertible Bonds (FCCBs) of USD 1,000 each, due on March 07, 2011, at a conversion price of Rs 448.59 per equity share.Further, the Board has also allotted 9,044 equity shares pursuant to conversion of 99 4.5% Foreign Currency Convertible Bonds of USD 1,000 each, due on July 25, 2011, at a conversion price of Rs 507.00 per equity share.