Bilcare allots 2493484 Equity Shares on Conversion of the FCCBs

Bilcare Ltd has announced that the Committee of Directors for Foreign Currency Convertible Bonds (FCCBs), under delegated authority has on March 17, 2010 considered and allotted 2,493,484 Equity Shares of Rs.10/- each upon conversion of the FCCB's issued earlier at a conversion price of Rs.880/-, which was subsequently reset on January 13, 2010 to Rs.483.28 per share, including premium.

Consequently, the Paid-up Equity Share Capital of the Company stands increased to Rs.226,878,900/- divided into 22,687,890 Equity Shares of Rs. 10/- each.

The stock was trading at Rs.550.90, up by Rs.5.70 or 1.05%. The stock hit an intraday high of Rs.555.50 and low of Rs.540.

The total traded quantity was 11376 compared to 2 week average of 60471.

Source : Equity Bulls

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