Alok Ind. allots shares on FCCBs conversion
Alok Ind. allots shares on FCCBs conversion >Alok Industries, at its meeting of the executive committee of board of directors (BoD) held on Sep. 27, 2007 issued and allotted 13,64,037 equity shares of the face value Rs 10 each, for cash at premium of Rs 61.59 a share, on conversion of 40 FCCBs of USD 50000 aggregating to USD 2 million into equity shares. With the above conversion of 40 FCCBs,the number of FCCBs of the company stands at 894 amounting to USD 44.70 million. By virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the company increased from 17,03,71,974 equity shares of the face value Rs 10 each to 17,17,36,011 equity shares of the face value Rs 10 each.
Shares of the company declined Rs 1.20, or 1.66%, to Rs 71.25. The total volume of shares traded were 228,945 at the BSE.(2.36 pm ,Thursday ).
