Vinati Organics Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 11, 2014, to approve the allotment of 2218525 equity shares of face value of Rs. 2/- each at the conversion price of Rs. 100/- on the request from IFC (International Finance Corporation) on conversion of Foreign Currency Convertible Bonds (FCCBs) for an aggregate amount USD 5,000,000 being 100% of the initial amount of the FCCBs (as per subscription agreement dated March 04, 2011).
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