On conversion of compulsory convertible debentures
Religare Enterprises announced that Share Allotment Committee in its meeting held on 06 May 2014, has allotted 12,817,331 equity shares of face value of Rs 10 each to International Finance Corporation (IFC) pursuant to conversion of 4,048,354 Compulsory Convertible Debentures (CCD) of face value of Rs 1000 each. CCDs were allotted to IFC on 07 November 2012 at a conversion price of Rs 315.85 per equity share in accordance with provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.Post Allotment, paid-up equity share capital of the Company stands increased to Rs 162.42 crore consisting of 162,425,590 equity shares of face value of Rs 10 each.
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