ICSA India Ltd has informed that the Board of Directors of the Company at its meeting held on January 17, 2008, has considered and allotted 13,42,500 equity shares of Rs 2/- each to the holders of Foreign Currency Convertible Bonds (FCCBs), on exercise of their option to convert FCCBs aggregating to 7.5 Million USD at conversion price of Rs 250/-.The outstanding amount of FCCBs after this present conversion to Equity stands at 21 Million USD.
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