HEG Converts FCCBs into 1743383 Shares

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 December 04, 2007 has allotted 1743383 Equity Shares upon conversion of 770 FCCBs amounting to US$ 7.70 Million at a conversion price of Rs 192.06 per share. Post allotment, the paid up capital of the Company has increased to Rs 42,55,19,580/- from Rs 40,80,85,750/-.

Source : Equity Bulls

Keywords