United Spirits Ltd has informed that in accordance with the Offering Circular dated March 24, 2006 of issue of USD100,000,000 2.00 per cent Convertible Bonds due 2011 (the Bonds), the Company has received conversion notices in respect of 4,950 Bonds aggregating to USD 4950,000 from the bond holders.
The Committee of Directors of the Company at its meeting held on October 08, 2007 has allotted 281,597 equity shares of Rs 10/- each, on conversion of 4,950 Bonds at a conversion price of Rs 781/- per equity share, with the fixed rate of exchange on conversion of Rs 44.43 = USD1.00.
Consequent upon the allotment on conversion of Bonds, the total issued and paid up equity capital of the Company stands increased to Rs 988,809,950 divided into 98,880,995 equity shares of Rs 10 each from the present equity capital of Rs 985,993,980/- divided into 98,599,398 equity shares of Rs 10 each.
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