Natco Pharma to issue 2,57,785 shares on conversion of FCCBs

Natco Pharma Ltd has announced that the Committee constituted for the issue of Foreign Currency Convertible Bonds (FCCBs) and related matters at its meeting held on March 14, 2007 allotted 2,57,785 equity shares of Rs 10/- each at a Conversion price of Rs 121/- per share. These shares were allotted consequent upon conversion of 70 numbers of 1.5% Unsecured Foreign Currency Convertible Bonds due in the year 2007 to the FCCB holders who had exercised their right of conversion of bonds into equity shares. The details of allottee as follows:

1. ITF Mauritius Ltd - 2,57,785 Shares

Source : Equity Bulls

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