ICSA India allots 134400 equity shares on conversion of FCCBs

ICSA India Ltd has announced that the Board of Directors of the Company at its meeting held on September 10, 2007, has considered & allotted 1,34,400 equity shares of Rs 10/- each to the holders of Foreign Currency Convertible Bonds (FCCBs), on exercise of their option to convert FCCB's aggregating to 4 Million USD at conversion price of Rs 1250/-

The outstanding amount of FCCBs after this present conversion to Equity is at 41 Million USD.

The stock was trading at Rs.1640, up by Rs.7.05 or 0.43%. The stock hit an intraday high of Rs.1664.80 and low of Rs.1620. The total traded quantity was 3279 compared to 2 week average of 37219.

Source : Equity Bulls

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