Bilcare Ltd allots 25984 equity shares upon conversion of FCCBs

Bilcare Ltd has announced that the Committee of Directors have considered and allotted 25,984 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 152,497,040 divided into 15,249,704 Equity Shares of Rs 10/- each.

The stock was trading at Rs.1295, up by Rs.69.55 or 5.68%. The stock hit an intraday high of Rs.1299.95 and low of Rs.1221.

The total traded quantity was 22076 compared to 2 week average of 34131.

Source : Equity Bulls

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