Nava Bharat allots 2845238 Equity Shares on conversion of FCCBs

Nava Bharat Ventures Ltd has announced that the Allotment Committee on December 19, 2007 considered, approved the conversion of Foreign Currency Convertible Bonds (FCCBs) for JPY 900,000,000 (Nine hundred million) by Lehman Brothers International (Europe), in accordance with the terms and conditions of the Offering Circular dated September 29, 2006 and allotted 2,845,238 Equity Shares of Rs 2/- each to Lehman Brothers International (Europe), at the prevailing Conversion Price of Rs 132.96.

Source : Equity Bulls

Keywords