Ankur Drugs & Pharma to issue 1,055,057 Equity shares on conversion of 4,000 FCCB Bonds

Ankur Drugs & Pharma Ltd has announced that the Board of Directors of the Company at its meeting held on March 29, 2007, has decided to issue 1,055,057 Equity shares on conversion of 4,000 FCCB Bonds of USD 1000.00 each to Grants Investment Ltd - FCCB, Les Cascades Building, Edith Cavell Street, Port Louis, Mauritius (bondholder).

It was further decided that Mr. Purnandu Jain, Chairman and Managing Director or Mr. Girraj Vijayvargiva, Executive Director of the Company be and is hereby authorized to do all the matters related to the above - mentioned issue.

Shares of the company were trading down by Rs.2.25 or 1.10% at Rs.203 on volume of 2750 shares.

Source : Equity Bulls

Keywords