Deccan Chronicle allots 4,99,765 shares on conversion of FCCB to Swiss Finance Corp

Deccan Chronicle Holdings Ltd has announced that the Share Allotment Committee of the Company at its meeting held on May 11, 2007 has allotted 4,99,765 Equity Share of Rs 2/- each as per the terms of the FCCB issue to the following:

Name of the Bond Holder / Allottee:

Swiss Finance Corp. (Mauritius) Ltd, Worli, Mumbai - 1200 (No of Bonds held) & 499765 (No. of Equity Shares allotted).

The stock was trading at Rs.189.30, up by Rs.2.90 or 1.56%. The stock hit an intraday high of Rs.191.70 and low of Rs.181.15. The total traded quantity was 287245 compared to 2 week average of 242070.

Source : Equity Bulls

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