Board of Sintex Industries allots equity shares on conversion of FCCBs

Image
Capital Market
Last Updated : Jan 29 2015 | 8:47 PM IST

At meeting held on 29 January 2015

Sintex Industries announced that pursuant to the approval of the Shareholders of the Company at the 81st Annual General Meeting of the Company held on 17 September 2012; for issue of US $ 140,000,000, 7.50 per cent, step down Convertible Bonds due 2017, the Committee of Directors at its meeting held on 29 January 2015 has allotted 29,26,018 equity shares of Rs. 1/- each to Foreign Currency Convertible Bonds ("FCCB") holders on the exercise of their conversion right.

With the said allotment of 29,26,018 equity shares of Rs. 1/- each of the Company as aforesaid, the paid up equity share capital of the Company as on January 29, 2015 stands increased from Rs. 37,70,78,682/- to Rs. 38,00,04,700/- divided into 38,00,04,700 Equity shares of Re. 1/- each.

Powered by Capital Market - Live News

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 29 2015 | 2:19 PM IST

Next Story