Micro Technologies allots 26549 shars to Lehman Brothers

Micro Technologies India Ltd has announced that the Board of Directors of the Company at its meeting held on May 24, 2008, has allotted 26,549 equity shares to Lehman Brothers Pursuant to the conversion of Foreign Currency Convertible Bonds (FCCB) issued on July 20, 2007.

The Board formed "FCCB Conversion Committee" for the limited purpose of allotting shares upon conversion of the bonds from time to time, consisting of three directors including one independent Director.

Source : Equity Bulls

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