Educomp Solutions Limited allots 25321 shares on conversion of FCCBs

Educomp Solutions Limited has announced that: "In accordance with the Offering Circular dated 13th October 2006 of issue of Foreign Currency Convertible Bonds (FCCBs) Company has received conversion notice dated 19th April 2007 in respect of 50 bonds aggregating to US$ 500000 from the respective bond holders. Accordingly, the Board of Directors of the Company at its meeting held on 27th April 2007 has allotted 25321 Equity Shares of the Company to the respective Bond holders who have exercised their conversion option".

Source : Equity Bulls

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