LML to allot equity shares on conversion of FCCBs at Rs.31.10

LML Ltd has announced that pursuant to the notice received for conversion of 2500 FCCBs Series B due 2010 of US $ 1000 each aggregating to the value of US $ 2,500,000 into Equity Shares, the "Financial Restructuring Committee of Directors" of the Company in its meeting held on August 17, 2006, has allotted 34,96,784 equity shares of Rs 10/- each at a premium of Rs 21.10 per share to M/s. Credit Suisse (Singapore) Ltd.

Source : Equity Bulls

Keywords