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Aurobindo chief converts warrants

Our Bureau

HYDERABAD: The Chairman of Aurobindo Pharma Ltd, Mr P.V. Ramaprasad Reddy, has on Tuesday converted his balance outstanding convertible share warrants of 15 lakh into 15 lakh equity shares of Rs 5 each.

In a release to stock exchanges here on Tuesday, the company said these shares were allotted at a premium of Rs 370 per share to Mr Reddy on exercise of his conversion right.

Subsequent to the conversion, the issued and paid-up equity share capital of the company now stands at Rs 26,63,50,000 divided into 5,32,70,000 equity shares of Rs 5 each, the company said.

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