XL Telecom allots 1193698 equity shares upon conversion of FCCBs

XL Telecom & Energy Ltd has announced that a Committee of the Board of Directors has allotted 11,93,698 (Eleven Lakhs Ninty Three thousand Six hundred Ninty Eight) Equity Shares of Rs 10/- each of the Company at a premium of Rs 250/- per share upon conversion of Foreign Currency Convertible Bonds to the extent of US$ 7.80 million to the following on January 09, 2008.

1. Triple M Investments Ltd
- No of shares allotted : 6,58,064
- Conversion of FCCBs (US$): 4,300,000

2. Macquarie Bank Limited - FCCB
- No of shares allotted : 76,519
- Conversion of FCCBs (US$): 500,000

3. Morgan Stanley Mauritius Company Ltd
- No of shares allotted : 4,59,115
- Conversion of FCCBs (US$): 3,000,000

Consequently, the paid up Equity Share Capital of the Company has been increased from 14501416 Equity Shares of Rs 10/- each to 15695114 Equity Shares of Rs 10/-each.

Source : Equity Bulls

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