Graphite India allots 1894832 equity shares upon FCCBs conversion

Graphite India Ltd has announced that the Company had in September 2005 issued 1% Foreign Currency Convertible Bonds (FCCBs) due 2010 aggregating US$ 40 million.

The Committee of Directors at its meeting held on January 08, 2008, has allotted 18,94,832 equity shares of Rs 2/- each on conversion of 2375 FCCBs aggregating US$ 2375,000 at a conversion price of Rs 55.15 per share. Post allotment the paid-up capital of the Company has increased to Rs 30,21,69,602/- from Rs 29,83,79,938/-.

Source : Equity Bulls

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