Bilcare allots 211512 Equity Shares on Conversion of FCCBs

Bilcare Ltd has announced that the Committee of Directors for Foreign Currency Convertible Bonds (FCCBs), under delegated authority on December 31, 2007 has considered and allotted 211,512 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 164,530,650/- divided into 16,453,065 Equity Shares of Rs 10/- each.

The Stock closed the day at Rs.1700.45, up by Rs.191.15 or 12.66%. The stock hit an intraday high of Rs.1797 and low of Rs.1525.

The total traded quantity was 49034 compared to 2 week average of 22526.

Source : Equity Bulls

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