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Graphite India allots equity shares

Graphite India allots equity shares

Write: Adorabelle [2011-05-20]
Jun. 17, 2010 - Graphite India has announced that the company had in September 2005 issued 1% foreign currency convertible bonds (FCCBs) due 2010 aggregating USD 40 million. The committee in its meeting on 16 June 2010 has allotted 795,516 equity shares of Rs 2 each on conversion of 1000 FCCBs aggregating USD 10,00,000 at a conversion price of Rs 55.31 per share.
Post allotment, the paid-up capital of the company has increased to Rs 34.78 crore from Rs 34.62 crore.