Alok Industries Ltd has informed that the Company have received two conversion notices from its Paying, Conversion and Transfer Agent for conversion of total 50 FCCBS of USD 50000 each aggregating to USD 2.50 million into equity shares. In terms of the Offering Circular dated May 26, 2005, the Company has at the meeting of the Executive Committee of Board of Directors held on January 11, 2008 issued and allotted 17,30,600 equity shares of the face value of Rs 10.00 each for cash at a premium of Rs 61.5875 per share to two allottees as an outcome of conversion of above referred FCCBs. By virtue of conversion of 50 FCCBs referred above, the number of FCCBS and amount outstanding stands at 753 and USD 37.65 million respectively.
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