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Board of Sintex Industries allots equity shares on conversion of FCCBs

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Capital Market
Last Updated : Jan 29 2015 | 8:47 PM IST

At meeting held on 29 January 2015

Sintex Industries announced that pursuant to the approval of the Shareholders of the Company at the 81st Annual General Meeting of the Company held on 17 September 2012; for issue of US $ 140,000,000, 7.50 per cent, step down Convertible Bonds due 2017, the Committee of Directors at its meeting held on 29 January 2015 has allotted 29,26,018 equity shares of Rs. 1/- each to Foreign Currency Convertible Bonds ("FCCB") holders on the exercise of their conversion right.

With the said allotment of 29,26,018 equity shares of Rs. 1/- each of the Company as aforesaid, the paid up equity share capital of the Company as on January 29, 2015 stands increased from Rs. 37,70,78,682/- to Rs. 38,00,04,700/- divided into 38,00,04,700 Equity shares of Re. 1/- each.

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First Published: Jan 29 2015 | 2:19 PM IST

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