Educomp Solutions allots 6903 Equity Shares on Conversion of FCCBs

Educomp Solutions Ltd has announced that in accordance with the Offering Circular dated on July 20, 2007 of USD 80 million Zero Coupon Foreign Currency Convertible Bond (FCCBs) due 2012 issue, the Company has received conversion notice in respect of 500 bonds aggregating to USD 0.50 million from One of the bond holder. Accordingly the Board of Directors by passing the resolution by circulation on January 07, 2008 has allotted 6,903 Equity Shares of the Company to the respective Bondholder who has exercised his conversion option.

Further, after allotment of 6,903 shares, paid up Share Capital has increased from Rs 17,22,58,540/- consisting of 1,72,25,854 equity shares of Rs 10/- each to Rs 17,23,27,570/- consisting of 1,72,32,757 equity shares of Rs 10/- each.

Source : Equity Bulls

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