United Spirits allots shares on warrant conversion
United Spirits allots shares on warrant conversion United Spirits said that, issue of USD100 million, 2% convertible bonds due 2011 received conversion notices in respect of 1,220 bonds, aggregating to USD 1,220,000, from the bond holder. > The committee of directors of the company, having met on Sep. 18, 2007, allotted 69,404 equity shares of Rs 10 each, on conversion of 1,220 bonds at a conversion price of Rs 781 a equity share, with the fixed rate of exchange on conversion of Rs 44.43 = USD 1.00 Consequent to the allotment, the total issued and paid up equity capital of the company increased to Rs 981,289,310 divided into 98,128,931 equity shares of Rs 10 each, from the present equity capital of Rs 980,595,270 divided into 9,8059,527 equity shares of Rs 10 each. Shares of the company were last trading up Rs 33.9, or 1.86%, at Rs 1,855. The total volume of shares traded were 265 at the BSE. (10.39 am, Wednesday)
