HEG allots 498109 shares on Conversion of FCCBs

HEG Ltd has announced that out of the Foreign Currency Convertible Bonds (FCCBs) due in 2010 amounting to US$ 28.75 million issued by Company in July 2005, the Share Allotment Committee of Directors of the Company at its meeting held on October 29, 2007 has allotted 498109 Equity Shares upon conversion of 220 FCCBs amounting to US$ 2.2 Million at a conversion price of Rs 192.06 per share. Post allotment, the paid up capital of the Company has increased to Rs 40,80,85,750/- from Rs 40,31,04,660/-.

Source : Equity Bulls

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