Adlabs allots equity shares on FCCB conversion

MUMBAI: Adlabs Films Ltd has allotted 11,64,734 equity shares of face value Rs 5 each for cash at a price of Rs 543.42 (including a premium of Rs 538.42) per share pursuant to the conversion notices received in respect of conversion of Zero Coupon Foreign Currency Convertible Bonds (FCCBs) aggregating Rs 633 million in value.


Pursuant to the allotment the total paid up share capital of the company shall be Rs 229 million divided into 4,58,81,542 equity shares of Rs 5 each fully paid up.


Further pursuant to the allotment the networth of the company shall be Rs 6.42 billion (Rs 641.56 crores).


The outstanding amount of Zero Coupon Foreign Currency Convertible Bonds is now 2,31,00,000 Euros in value.

Comments

comments