Gitanjali Gems Ltd has informed that the Company had received Two Conversion Notices for conversion of 150 FCCBs of the face value of USD 10,000/- each.
Accordingly the Company on January 31, 2008, allotted 2,44,717 equity shares having par value of Rs 10/- each, at an initial conversion price of Rs 275/- per share in terms of the Offering Circular dated November 21, 2006.
Post the above allotment, the paid-up equity share capital of the Company stands at Rs 85,06,28,830/- consisting of 8,50,62,883 equity shares of Rs 10 each.
Accordingly the Company on January 31, 2008, allotted 2,44,717 equity shares having par value of Rs 10/- each, at an initial conversion price of Rs 275/- per share in terms of the Offering Circular dated November 21, 2006.
Post the above allotment, the paid-up equity share capital of the Company stands at Rs 85,06,28,830/- consisting of 8,50,62,883 equity shares of Rs 10 each.
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