Ind Swift Laboratories converts preference shares at Rs.92

Ind Swift Laboratories Ltd has announced that the Board of Directors of the Company at its meeting held on August 31, 2006 has approved the conversion of balance 3,50,520 preference shares of Rs 100/- each into 3,80,950 equity shares of Rs 10/- at a premium of Rs 82/- per share in terms of the SEBI Preferential Issue Guidelines. This conversion has been put up for the approval of the shareholders in the Annual General Meeting is to be held on September 30, 2006.

Source : Equity Bulls

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