Sun Pharmaceutical allots 208599 equity shares against conversion of FCCBs

Sun Pharmaceutical Industries Ltd has announced that pursuant to the terms and conditions of the Offering Circular dated November 24, 2004, the Committee of Directors (Allotment) of the Company at its meeting held on December 01, 2007, has allotted 208,599 (Two Lacs Eight Thousand Five Hundred and Ninety Nine) 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 3,380 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 20,08,98,577 Equity Shares of Rs 5/- each to 20,11,07,176 Equity Shares of Rs 5/- each, as of date.

Source : Equity Bulls

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