Bilcare allots shares on FCCB conversion
Bilcare allots shares on FCCB conversion The committee of directors of Bilcare allotted 25,984 equity shares of Rs 10 each upon conversion of the foreign currency convertible bonds (FCCBs) issued at a conversion price of Rs 880 a share including premium. > Pursuant to the above allotment, the paid-up equity share capital of the company stands increased to Rs 152,497,040 divided into 15,249,704 equity shares of Rs 10 each. Bil care announced good increase in net profit for the quarter ended June 2007. During the quarter, the profit rose 21.76% to Rs 135.40 million from Rs 111.20 million, in the corresponding quarter last year. Net sales for the quarter rose 27.46% to Rs 928.80 million, compared with the corresponding quarter, a year ago. Shares of the company were last trading up Rs 48.55, or 3.96%, at Rs 1,274. Total volume of shares traded were 5,883 at the BSE. (11.15 am, Thursday)
