Glenmark Pharma allots 1236783 shares

Glenmark Pharmaceuticals Ltd has announced that Operations Committee of the Board of Directors of the Company at its meeting held on January 02, 2008 has approved conversion of Zero Coupon Foreign Currency Convertible Bonds amounting to US $ 7170000 into 12,36,783 Equity shares at a price of Rs 253.11 per share of face value Re 1/- each out of US $ 50,000,000 Zero Coupon Foreign currency Convertible Bonds issued in 2005.

Source : Equity Bulls

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