Bilcare allots 129,920 shares on conversion of FCCBs

Bilcare Ltd has announced that the Board of Directors of the Company at its meeting held on July 30, 2007, has considered and allotted 129,920 Equity Shares of Rs 10/- each upon conversion of the Foreign Currency Convertible Bonds (FCCBs) issued earlier at a conversion price of Rs 880 per share including premium.

Consequently, the Paid-up Equity Share Capital of the Company stands increased to Rs 152,237,200/-, divided into 15,223,720 Equity Shares of Rs 10/- each.

The stock closed the day at Rs.1029.45, down by Rs.11.05 or 1.06%. The stock hit an intraday high of Rs.1039.90 and low of Rs.1015. The total traded quantity was 9561 compared to 2 week average of 21612.

Source : Equity Bulls

Keywords