Saturday, January 19, 2008

Shringar Cinemas - Allotment Of Equity Shares Upon Conversion Of FCCBs

Shringar Cinemas Ltd has informed that out of the 0.5% per annum Series B Unsecured Foreign Currency Convertible Bonds due 2011 (FCCBs) aggregating to USD 8 million issued by the Company, 1,687,850 Equity Shares were allotted by the Managing Committee of the Company at its meeting held on January 16, 2008 at a conversion price of Rs 107/- per equity share and at the Exchange Rate of Rs 45.15 per USD upon conversion of the said Foreign Currency Convertible Bonds Series B due on 2011 (FCCBs) aggregating to USD 4 million.

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