Hotel Leelaventure Ltd has informed that the Committee of Directors on Issues of the Board of Directors, in its meeting held on January 11, 2008, has allotted 3,44,514 nos. of fully paid up Equity Shares of the Company to one of the euro FCCB bondholders who has exercised the option to convert 300 bonds of Euro 1000/- each aggregating to Euro 3,00,000/- into equity shares at Conversion price pursuant to the terms and conditions of the Offering Circular dated September 13, 2005. These equity shares will rank pari passu with the existing equity shares of the Company.
With the allotment of the above shares the Equity Shares upon conversion stands increased from present level of 37,28,86,946 nos. to 37,32,31,460 nos. Equity Shares of Rs 2/- each.
With the allotment of the above shares the Equity Shares upon conversion stands increased from present level of 37,28,86,946 nos. to 37,32,31,460 nos. Equity Shares of Rs 2/- each.
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