Videocon Industries allots 1018523 shares

Videocon Industries Ltd has announced that the Board of Directors of the Company has allotted 1,018,523 (One Million Eighteen Thousand Five Hundred Twenty Three only) equity shares pursuant to conversion of 10,350 FCCBs in terms of Issue of 5% Foreign Currency Convertible Bonds of US$ 1,000 each, due on March 07, 2011, at a conversion price of Rs 448.59 per equity share.

Further the Company has informed that the Board has also allotted 1,349,726 (One Million Three Hundred Forty Nine Thousand Seven Hundred Twenty Six only) equity shares pursuant to conversion of 13,900 FCCBs in terms of issue of 4.5% Foreign Currency Convertible Bonds of US$ 1,000 each, due on July 25, 2011, at a conversion price of Rs 477.00 per equity share.

Source : Equity Bulls

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