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Celebrity Fashions Ltd has informed that Board of Directors had allotted 5000 Equity shares of Rs 10/- each at a premium of Rs 20/- per share on conversion of stock options issued under Employees Stock Option Plan 2005 through circular resolution on December 07, 2007.
Further the Company has informed that, consequent to the above allotment the paid up share capital of the Company had been increased from Rs 17,82,74,210/- comprising of 1,78,27,421 equity shares of Rs 10/- each to Rs 17,83,24,210 comprising of 1,78,32,421 equity shares of Rs 10/- each.
Sun Pharma Advanced Research Company Ltd has informed that pursuant to clause 10.2 of the Scheme of Arrangement for Demerger sanctioned by the Honourable High court of Gujarat vide its order dated March 01, 2007 issued on March 28, 2007 and as per the Supplementary Trust Deed dated May 18, 2007, entered into by the Company with Sun Pharmaceutical Industries Ltd and Citicorp Trustee Co Ltd, the Foreign Currency Convertible Bond holders of Sun Pharmaceutical Industries Ltd (SPIL), are entitled to One Equity Share of Re 1/- each of the Company for every Equity Share of Rs 5/- each of SPIL allotted to them on exercise of conversion option of Foreign Currency Convertible Bonds (FCCBs) of USD 1000 each held by them.
Accordingly, the Committee of Directors (Allotment) of the Company at its meeting held on December 01, 2007 has allotted 2,08,599 (Two Lakhs Eight Thousand Five Hundred and Ninety Nine) Equity Shares of Re 1/- each to the bondholders of SPIL upon exercise of option of conversion for 3,380 Zero Coupon Foreign Currency Convertible Bonds of USD 1000 each (FCCB) of SPIL held by them.
Consequently, the paid up Equity Share Capital of the Company has increased from 20,08,98,577 Equity Shares of Re 1/- each to 20,11,07,176 Equity Shares of Re 1/- each,as of date.
Reliance Energy Ltd has informed that the Committee of Directors of the Company at its meeting held on December 01, 2007, has allotted 4,61,870 equity shares of Rs 10 each for cash at a price of Rs 1,006.92 (including a premium of Rs 996.92) per Share to various Foreign Institutional Investors against the conversion of 10,280 Zero Coupon Foreign Currency Convertible Bonds.
Consequent upon the said allotment, the paid-up capital of the Company stands increased to 23,51,57,193 fully paid-up equity shares of Rs 10 each.
Adlabs Films Ltd has informed that the Committee of the Board of Directors at its meeting held on November 30, 2007 has allotted 3,99,396 equity shares of Face Value Rs 5/- each for cash at a price of Rs 543.42 (including a premium of Rs 538.42) per share pursuant to the conversion notices received in respect of conversion of Zero Coupon Foreign Currency Convertible Bonds aggregating 4,000,000 Euros (or Rs 21,70,40,000) in value.
Pursuant to the allotment the total paid up share capital of the Company shall be Rs 20,72,08,830/- divided into 4,14,41,766 equity shares of Rs 5 each fully paid up.
Further pursuant to the allotment the Networth of the Company shall be Rs 400.35 crores.
The outstanding amount of Zero Coupon Foreign Currency Convertible Bonds is now 67,565,000 Euros in value.
Jindal Stainless Ltd has informed that the Company on November 30, 2007, has allotted 14,96,386 equity shares of Rs 2/- each upon conversion of 820 - 0.50% Convertible Bonds Due 2009 of USD 41,00,000. Consequent upon conversion of convertible bonds, the paid up equity share capital of the Company has been increased from Rs 29,18,77,092/- to Rs 29,48,69,864/- divided into 14,74,34,932 equity shares of Rs 2/- each.
