Educomp Solutions allots 2,27,894 shares on conversion of FCCBs

Educomp Solutions Ltd has announced that in accordance with the Offering Circular dated October 13, 2006 of USD 25 million Foreign Currency Convertible Bonds (FCCBs) issue Company has received conversion notice in respect of 450 bonds aggregating to US$ 4.5 million from the bond holders. Accordingly, the Board of Directors by passing the resolution by circulation on June 30, 2007 has allotted 2,27,894 Equity Shares of the Company to the respective Bond holders who have exercised their conversion option.

Further after allotment of 2,27,894 shares, Paid up Share Capital of the Company has increased from Rs 16,54,21,740 consisting of 1,65,42,174 equity shares of Rs 10/- each to Rs 16,77,00,680 consisting of 1,67,70,068 equity shares of Rs 10/- each.

Source : Equity Bulls

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