Pidilite Industries allots 780268 Equity Shares pursuant to conversion of FCCBs

Pursuant to the Offering Circular dated 3rd December, 2007, Pidilite Industries Ltd had issued and allotted 400 Zero Coupon Foreign Currency Convertible Bonds (Bonds) of US$ 100,000 each aggregating to US$ 40 million.

Further the Company has inform that the Foreign Currency Convertible Bonds (Share Allotment) Committee at its meeting held on September 14, 2012 has, in accordance with the terms of issue of the said Bonds, allotted 7,80,268 equity shares to the investor who has exercised its right to convert, into equity shares, the twenty Bonds of US $ 100,000 each.

There are 311 Bonds aggregating US $ 31.1 million outstanding, as on date.

The Pidilite Industries Ltd stock was trading at Rs.204.90, down by Rs.3.05 or 1.47%. The stock hit an intraday high of Rs.211.80 and low of Rs.204.15.

The total traded quantity was 0.23 lakhs compared to 2 week average of 1.14 lakhs.

Source : Equity Bulls

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