On conversion of FCCBs
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 04 February 2015 has allotted 40,12,825 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 40,12,825 equity shares of Rs. 1/- each of the Company as aforesaid, the paid up equity share capital of the Company as on 04 February 2015 stands increased from Rs. 38,00,04,701/- to Rs. 38,40,17,525/- divided into 38,40,17,525 Equity shares of Re. 1/- each.
Powered by Capital Market - Live News