Shringar Cinemas allots 1504999 equity shares upon conversion of FCCBs

Shringar Cinemas Ltd has announced that out of the Zero Coupon Foreign Currency Convertible Bonds Series A due on 2011 (FCCBs) aggregating to US$ 12 million issued by the Company, 1504999 Equity Shares were allotted by the Managing Committee of the Company at its meeting held on December 20, 2007, at a conversion price of Rs 90/- per equity share and at the Exchange Rate of Rs 45.15 per USD upon conversion of the said Foreign Currency Convertible Bonds Series A due on 2011 (FCCBs) aggregating to US$ 3 million.

Source : Equity Bulls

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