Sun Pharmaceutical Allots equity shares against conversion of FCCBs at Rs.724.3

Sun Pharmaceutical Industries Ltd has announced that the Committee of Directors (Allotment) of the Company at its meeting held on September 16, 2006, has allotted 4,62,875 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 7500 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 18,61,97,409 equity shares to 18,66,60,284 equity shares of Rs 5/- each, as of date.

Source : Equity Bulls

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