Natco Pharma allots 1,35,462 shares to FCCB holders

Natco Pharma Ltd has announced that the Board had allotted 1,35,462 equity shares of Rs 10/- each to the FCCB holders M/s. ITF Mauritius Ltd who had exercised their right of conversion of bonds into equity shares.

The Board also allotted 1,08,625 equity shares of Rs 10/- each to employees of the Company under stock option scheme (grant price Rs 10/- per option).

Further the Company has informed that, the Company has a pipeline of new launches slated during the next quarter and is likely to close acquisition of further retail businesses in the US before end March, 2007.

Source : Equity Bulls

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