Helios & Matheson allots 1575881 shares

Helios & Matheson Information Technology Ltd has announced that in accordance with the Offering Circular dated July 07, 2006 for issue of US$25 million 2% Foreign Currency Convertible Bonds due 2011, the Company has received conversion notice in respect of 40 Bonds aggregating to US$ 4,000,000 from the bond holder. The Committee of Directors of the Company at its meeting held on January 30, 2008, has allotted 15,75,881 equity shares of Rs 10/- each, on conversion of 40 Bonds. Consequent upon the allotment, the total paid up equity capital of the Company stands increased to Rs 23,11,23,290 divided into 2,31,12,329 equity shares of Rs 10 each.

Source : Equity Bulls

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