Sintex Industries at its meeting held on August 20, 2014, has allotted 1,49,63,662 equity shares of Re 1 each to Foreign Currency Convertible Bonds (FCCB) holders on the exercise their conversion right.
Sintex Industries Ltd has informed BSE that pursuant to the approval of the Shareholders of the Company at the 81st Annual General Meeting of the Company held on September 17, 2012; for issue of US $ 140,000,000, 7.50 per cent, step down Convertible Bonds due 2017, the Committee of Directors at its meeting held on August 20, 2014, has allotted 1,49,63,662 equity shares of Rs. 1/- each to Foreign Currency Convertible Bonds ("FCCB") holders on the exercise their conversion right.With the said allotment of 1,49,63,662 equity shares of Rs. 1/- each of the Company as aforesaid, the paid up equity share capital of the Company as on August 20, 2014 stands increased from Rs. 34,20,92,695/- to Rs. 35,70,56,357/- divided into 35,70,56,357 Equity shares of Re. 1/- each.Source : BSE
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