Sun Pharmaceutical Industries Ltd has announced that the Committee of Directors (Allotment) of the Company at its meeting held on May 19, 2007, has allotted 5,18,417 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 8,400 Zero Coupon Foreign Currency Convertible Bonds of US $ 1000 each (FCCB) into Equity shares of the Company by FCCB holders.
Consequently, the paid up Equity Share Capital of the Company has increased from 19,44,18,898 Equity Shares of Rs 5/- each to 19,49,37,315 Equity Shares of Rs 5/- each, as of date.