Sun Pharmaceutical allots 864034 equity shares against conversion of FCCBs

Sun Pharmaceutical Industries Ltd has announced that the Committee of Directors (Allotment) of the Company at its meeting held on October 20, 2007, has allotted 864,034 (Eight Lacs Sixty Four Thousands Thirty Four) Equity Shares of Rs 5/- each of the Company at a premium of Rs 724.30 per share upon exercise of option of conversion for 14,000 Zero Coupon Foreign Currency Convertible Bonds of US $ 1000 each (FCCB) into Equity shares of the Company by FCCB holders.

Consequently, the paid up Equity Share Capital of the Company has increased from 19,95,25,382 Equity Shares of Rs 5/- each to 20,03,89,416 Equity Shares of Rs 5/- each, as of date.

Source : Equity Bulls

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