The committee of Alok Industries have issued and allotted 21,24,969 equity shares of the face value of Rs 10 each for cash at a premium of Rs 61.5875 per share to the allottee, pusuant to the conversion notices received from the company's paying, conversion and transfer agent for conversion of 61 FCCBs of US$ 50000 each aggregating to US$ 3.05 million . By virtue of conversion of 61 FCCBs, the number of FCCBs and amount outstanding stands at 475 and US$ 23.75 million respectively.
By virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the company has increased from 18,41,16,207 equity shares of the face value of Rs 10 each to 18,62,41,176 equity shares of the face value of Rs 10 each.
These shares were allotted at the committee meeting held on 26 February 2008.
No comments:
Post a Comment