United Spirits Ltd has alloted Equity shares on Conversion of Bonds

United Spirits Ltd has announced that in accordance with the Offering Circular dated March 24, 2006 of issue of US$100,000,000 2.00 per cent Convertible Bonds due 2011 ("the Bonds"), the Company has received conversion notices in respect of 1,750 Bonds aggregating to US$ 1,750,000 from the bond holders.

Further the Company has inform that, the allotted 99,554 equity shares of Rs.10 /- each, on conversion of 1,750 Bonds at a conversion price of Rs 781/-per equity share, with the fixed rate of exchange on conversion of Rs 44.43 = US$1.00.

Consequent upon the allotment on conversion of Bonds, the total issued and paid up equity capital of the Company stands increased to Rs 979,457,500 divided into 97945750 equity snares of Rs 10 each from the present Equity capital of Rs 978,461,960 divided into 97846196 equity shares of Rs 10 each.

Source : Equity Bulls

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