Bilcare allots 51968 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 19, 2007 considered and allotted 51,968 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 161,506,080/- divided into 16,150,608 Equity Shares of Rs 10/- each.

Source : Equity Bulls

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