Dolphin Offshore allots 6,04,933 shares on conversion of FCCBs

Dolphin Offshore Enterprises India Ltd has announced that pursuant to the applications received for conversion from the Bondholders, the Managing Committee of the Company at its meeting held on July 24, 2007 has considered the request and allotted 6,04,933 Equity Shares of Rs 10/- each for a cash at a premium of Rs 215/- by conversion of Bonds worth USD 3,000,000 (US Dollar Three million) being 20% of the USD 15 million FCCBs issued on December 22, 2005, in terms of the Offer Circular to the FCCB holders.

Source : Equity Bulls

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