Aurobindo Pharma allots 3,74,046 shares on conversion of FCCBs

Aurobindo Pharma Ltd has announced that pursuant to the applications received for conversion from some of the Bondholders, the Committee of the Board of Directors of the Company at its meeting held on July 11, 2007 has considered the request and allotted 3,74,046 Equity Shares of Rs 5/- each for cash at a premium of Rs 517.036 by conversion of Bonds worth USD 4,500,000 in terms of the offer document to the FCCB holders.

The stock was trading at Rs.745.20, up by Rs.5.25 or 0.71%. The stock hit an intraday high of Rs.753 and low of Rs.735.10. The total traded quantity was 29917 compared to 2 week average of 51528.

Source : Equity Bulls

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