JCT Ltd has informed that the Company has received a Conversion Notice from its Principal, Paying, Conversions and Transfer Agent, for conversion of 50 FCCBs of USD 10000 aggregating to USD 500,000 into equity shares. In terms of the Offering Circular dated March 31, 2006, the Company, on January 09, 2008, has issued and allotted 16,75,018 equity shares of the face value of Rs 2.50 each for cash at a premium of Rs 10.82 per share consequent upon conversion of above referred FCCBs. By virtue of conversion of 50 FCCBs referred above, the number of FCCBs and amount outstanding stands at 2925 and USD 29.25 Million respectively.
Further upon conversion of FCCBs as mentioned above into equity shares, the paid-up equity share capital of the Company has increased from 34,45,06,553 equity shares of the face value of Rs 2.50 each to 34,61,81,571 equity shares of Rs 2.50 each.
Further upon conversion of FCCBs as mentioned above into equity shares, the paid-up equity share capital of the Company has increased from 34,45,06,553 equity shares of the face value of Rs 2.50 each to 34,61,81,571 equity shares of Rs 2.50 each.
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