Sintex Industries Allots equity shares on conversion of FCCBs

Sintex Industries Ltd has announced that pursuant to the approval of the (i) shareholders of the Company at the Extra Ordinary General Meeting of the Company held on October 10, 2006; (ii) the Committee of Directors at its meeting held on December 25, 2006, the Company has allotted 2,63,044 equity shares of Rs 2/- each of the Company to Foreign Currency Convertible Bonds (FCCB) holders on the exercise their conversion right.

Pursuant to the allotment of 2,63,044 equity shares of Rs 2/- each of the Company as aforesaid, the paid up equity share capital of the Company as on December 25, 2006 stands increased to 11,17,23,545 equity shares of Rs 2/- each amounting to Rs 22,34,47,090/- from 11,14,60,501 equity shares of Rs 2/- each amounting to Rs 22,29,21,002/-.

Source : Equity Bulls

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