PRAKASH INDUSTRIES LTD. - Allotment of Equity shares on conversion of Foreign Currency Convertible Bonds (FCCBs)<BR>

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23 Feb 2017
Prakash Industries Ltd has informed BSE that the Company has received notice(s) from FCCB holder(s) for conversion of 20 Nos. FCCB (US$ 50,000 each) in to 10,59,957 Nos. equity shares of Rs.10/- each of the Company in accordance with restructuring terms accepted by FCCB holder(s). Accordingly, the FCCB Conversion Committee of the Company in its meeting held on February 23, 2017 has allotted 10,59,957 equity shares to the said FCCB holder(s). Consequent upon the aforesaid conversion, the paid up share capital of the Company has increased from Rs. 1,36,76,74,230/- to Rs.1,37,82,73,800/-.
View all announcements for PRAKASH INDUSTRIES LTD.	Source: BSE India

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