Sun Pharmaceutical allots equity shares against conversion of FCCBs

Sun Pharmaceutical Industries Ltd has announced that the Committee of Directors (Allotment) of the Company at its meeting held on October 09, 2006, has allotted 3,06,668 Equity Shares of Rs 5/- each of the Company at a premium of Rs 724.30 per share upon exercise of option of conversion for 4969 Zero Coupon Foreign Currency Convertible Bonds of US $ 1000 each (FCCB) into Equity shares of the Company by FCCB holders.

Consequently, the paid up Equity Share Capital of the Company has increased from 18,66,60,284 equity shares to 18,69,66,952 equity shares of Rs 5/- each, as of date.

Source : Equity Bulls

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