Dishman Pharmaceuticals allots 2532555 equity shares upon conversion of FCCB

Dishman Pharmaceuticals & Chemicals Ltd has announced that the Board of Directors of the Company at its meeting held on July 18, 2007, inter alia, has allotted 25,32,555 equity shares of Rs 2/- each to the Company at a premium of Rs 170/- per equity share upon exercise of option of conversion by the FCCB holders for conversion of 0.50% Foreign Currency Convertible Bonds (FCCB) of the principal amount of US$ 10,000,000 into the equity shares of the Company.

Consequently, the paid-up equity share capital of the Company has increased from 73732607 equity shares of Rs 2/- each to 76265162 equity shares of Rs 2/- each.

The stock closed the day at Rs.335.05, up by Rs.4.60 or 1.39%. The stock hit an intraday high of Rs.336 and low of Rs.328. The total traded quantity was 10937 compared to 2 week average of 58428.

Source : Equity Bulls

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