Bartronics India approves allotment of FCCBs

Bartronics India Ltd has announced that the Board of Directors of the Company at its meeting held on January 04, 2008, has signed the approval of Documentation for closing the FCCBs Issue.

The Board approved the allotment of 500 Zero Coupon Unsecured Foreign Currency Convertible Bonds (FCCBs) of US $100,000 each for an aggregate amount of US $50,000,000 with a conversion price of Rs 290/-.

16,48,110 Equity Shares were allotted against the Conversion of 55 bonds aggregating to US $5.5 million.

Source : Equity Bulls

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