Educomp Solutions Ltd has informed that in accordance with the Offering Circular dated on October 13, 2005 of USD 25 million Foreign Currency Convertible Bond(FCCBs) issue, the Company has received conversion notice in respect of 50 bonds aggregating to USD 0.50 million from the bond holders. According the Board of Directors by passing the resolution by circulation on August 17, 2007 has allotted 25,321 Equity Shares of the Company to the respective Bond holders who have exercised their conversion option.
Further the Company has informed that after allotment of 23,321 shares, paid up Share Capital has increased from Rs 17,20,05,330/- consisting of 1,72,00,533 equity shares of Rs 10/- each to Rs 17,22,58,540/- consisting of 1,72,25,854 equity shares of Rs 10/- each.
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