Sun Pharmaceutical allots 1,139,901 equity shares against conversion of FCCBs

Sun Pharmaceutical Industries Ltd has announced that the Committee of Directors (Allotment) of the Company at its meeting held on June 09, 2007, has allotted 1,139,901 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 18,470 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 19,49,37,315 Equity Shares of Rs 5/- each to 19,60,77,216 Equity Shares of Rs 5/- each, as of date.

The stock was trading at Rs.1065, up by Rs.5.10 or 0.48%. The stock hit an intraday high of Rs.1070 and low of Rs.1060. The total traded quantity was 3952 compared to 2 week average of 37014.

Source : Equity Bulls

Keywords