Maharashtra Seamless Allots 19,76,207 Equity Shares upon conversion of FCCBs

Maharashtra Seamless Ltd has announced that the Committee of Directors of the Board of the Company at its meeting held on November 23, 2006 has allotted 19,76,207 No. of Equity Shares of Rs 5/- each of the Company at a Premium of Rs 248.34 per share upon exercise of option of conversion for 11500 No. of Zero Coupon Foreign Currency Convertible Bonds of US$ 1000 each into Equity Shares of the Company.

Consequently, the paid-up Equity Share Capital of the Company has increased from 6,39,17,426 Equity Shares to 6,58,93,633 Equity Shares of Rs 5 each, as of date.

Source : Equity Bulls

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