WOCKHARDT LTD. - Updates

Wockhardt Ltd has informed BSE that on February 23, 2016, Khorakiwala Holdings and Investments Private Limited, Promoter Group Company, have acquired 43,233,260 Non-Convertible Cumulative Redeemable Preference Shares (NCCRPS) and 18,528,540 Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS) of the Company for an amount aggregating to Rs. 9,26,42,700 and Rs. 26,75,13,694 respectively.<BR><BR>Further the Company has informed that, as the ratio of conversion of OCCRPS into equity shares is dependent on the price to be calculated on the 'Relevant Date', which is future date, it is not possible to ascertain the number of equity shares to be allotted on conversion. Hence, the paid up equity capital of the company and % of total share capital after the conversion of OCCRPS into equity shares is not ascertainable.