On conversion of FCCBs
Prakash Industries announced that Company has received notice from FCCB holder for conversion of 11 Nos. FCCB (US$ 1,00,000 each) in to 5,82,977 Nos. equity shares of Rs.10/- each of the Company in accordance with restructuring terms accepted by FCCB holders. Accordingly, the FCCB Conversion Committee of the Company in its meeting held on 03 May 2016 has allotted 5,82,977 equity shares to the said FCCB holder. Consequent upon the aforesaid conversion , the paid up share capital of the Company has increased from Rs.1,34,48,85,140/- to Rs.1,35,07,14,910/-.Powered by Capital Market - Live News