Natco Pharma allots 466584 shares at Rs 121

Natco Pharma Ltd has announced that the Committee constituted for the issue of Foreign Currency Convertible Bonds (FCCBs) and related matters at its meeting held on November 16, 2007 allotted 4,66,584 equity shares of Rs 10/- each at a Conversion price of Rs 121/- per share. These shares were allotted consequent upon conversion of 143 numbers of 1.5% Unsecured Foreign Currency Convertible Bonds due in the year 2007 to the FCCB holders who had exercised their right of conversion of bonds into equity shares.

The details are as follows:
Name of the Allottee : Rhodes Diversified - 4,66,584 no of shares.

Source : Equity Bulls

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