Sun Pharmaceutical Allots 50,916 equity shares against conversion of FCCBs

Sun Pharmaceutical Industries Ltd has announced that the Committee of Directors (Allotment) of the Company at its meeting held on November 18, 2006, has allotted 50,916 Equity Shares of Rs 5/- each of the Company at a premium of Rs 724.30 per share upon exercise of option of conversion for 825 Zero Coupon Foreign Currency Convertible Bonds of US $ 1000 each (FCCB) into Equity shares of the Company by FCCB holders.

Consequently, the paid up Equity Share Capital of the Company has increased from 18,72,90,961 equity shares to 18,73,41,877 equity shares of Rs 5/- each, as of date.

Source : Equity Bulls

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