Bilcare allots 745000 equity shares

Bilcare Ltd has announced that the Finance Committee of Directors under delegated authority on October 17, 2007, has considered and allotted 7,45,000 Equity Shares of Rs 10/- each on conversion of Warrant 'A', convertible into Equity Shares of Rs 10/- each issued at Rs 535/- per share (including premium) to Mrs. Nutan Bhandari, who is a part of Promoter Group and wife of Mr. Mohan Bhandari, Chairman and Managing Director of the Company.

The Committee of Directors for Foreign Currency Convertible Bonds (FCCBs) under delegated authority on October 17, 2007 considered & allotted 25,984 Equity Shares of Rs 10/- each upon conversion of the FCCB's 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 160,206,880 divided into 16,020,688 Equity Shares of Rs 10/- each.

The Stock closed the day at Rs.1030.50, down by Rs.24.20 or 2.29%. The stock hit an intraday high of Rs.1060 and low of Rs.985.

The total traded quantity was 35269 compared to 2 week average of 18904.

Source : Equity Bulls

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