XL Telecom allots 200480 equity shares upon conversion of FCCBs

XL Telecom & Energy Ltd has announced that a Committee of the Board of Directors at the meeting held on May 08, 2008 have allotted 2,00,480 (Two lacs Four Hundred Eighty) Equity Shares of Rs 10/- each of the Company at a premium of Rs 250/- per share Goldman Sachs Investment (Mauritius) I Ltd FCCB upon conversion of Foreign Currency Convertible Bonds to the extent of US$ 1.31 million.

Consequently, the paid up Equity Share Capital of the Company has been increased from 18584972 Equity Shares of Rs 10/- each to 18785452 Equity Shares of Rs 10/- each.

Source : Equity Bulls

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