Sun Pharmaceutical allots equity shares at Rs.724.30 against conversion of FCCBs

Sun Pharmaceutical Industries Ltd has announced that the Committee of Directors (Allotment) of the Company at its meeting held on September 04, 2006, has allotted 30,858 Equity Shares of Rs 5 each of the Company at a premium of Rs 724.30 per share upon exercise of option of conversion for 500 Zero Coupon Foreign Currency Convertible Bonds of US $1000 each (FCCB) into Equity shares of the Company by FCCB holder.

Consequently, the paid up Equity Share Capital of the Company has increased from 18,60,67,805 equity shares to 18,60,98,663 equity shares of Rs 5/- each, as of date.

Source : Equity Bulls

Keywords