Mascon Global to allot shares on GDR / FCCB issue

Mascon Global Ltd has announced that the GDR / FCCB Committee of the Board of Directors of the Company at its meeting held on March 25, 2008, inter alia, has taken decision to allot 42,000,000 no. of Equity Shares of Rs 10/- each as underlying shares to Deutsche Bank Trust Company Americas, the Depository, towards the issue of 10,500,000 no. of GDRs priced at US $ 2 each (including issue of 10,000,000 no. of GDRs on stock swap basis towards consideration for acquisition of overseas companies) by Deutsche Bank Trust Company Americas in favour of the GDR Holders.

The GDRs issued by Deutsche Bank Trust Company Americas will be listed with Luxembourg Stock Exchange.

Listing Application for the underlying Equity Shares will be applied to the Indian Stock Exchanges separately.

Source : Equity Bulls

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