ICSA India Ltd has informed that the Board of Directors of the Company at its meeting held on September 10, 2007, has considered & allotted 1,34,400 equity shares of Rs 10/- each to the holders of Foreign Currency Convertible Bonds (FCCBs), on exercise of their option to convert FCCBs aggregating to 4 Million USD at conversion price of Rs 1250/-
The outstanding amount of FCCBs after this present conversion to Equity is at 41 Million USD.
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