Bilcare allots 77952 Equity Shares on Conversion of FCCBs

Bilcare Ltd has announced that the Committee of Directors for Foreign Currency Convertible Bonds (FCCBs), under delegated authority has, on December 17, 2007 considered and allotted 77,952 Equity Shares of Rs 10/- each upon conversion of the FCCB's issued earlier at a conversion price of Rs 880 per share, including premium.

Consequently, the Paid-up Equity Share Capital of the Company stands increased to Rs 160,986,400 divided into 16,098,640 Equity Shares of Rs 10/- each.

Source : Equity Bulls

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