United Spirits allots 28444 Equity Shares on Conversion of Bonds

United Spirits Ltd has announced that in accordance with the Offering Circular dated March 24, 2006 of issue of US$100,000,000 2.00 per cent Convertible Bonds due 2011 ("the Bonds"), the Company has received conversion notice in respect of 500 Bonds aggregating to US$ 500,000 from the bond holder.

The Committee of Directors of the Company at its meeting held on November 22, 2007 has allotted 28,444 equity shares of Rs 10/- each, on conversion of 500 Bonds at a conversion price of Rs 781/- per equity share, with the fixed rate of exchange on conversion of Rs 44.43 = US$1.00.

Consequent upon the allotment on conversion of Bonds, the total issued and paid up equity capital of the Company stands increased to Rs 990,823,780/- divided into 99,082,378 equity shares from the present equity capital of Rs 990,539,340/- divided into 99,053,934/- equity shares of Rs 10 each.

Source : Equity Bulls

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