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Natco allots shares to Jermyn

Our Bureau

HYDERABAD: The committee of Natco Pharma Ltd constituted for the issue of foreign currency convertible bonds (FCCBs) and related matters at its meeting held on Thursday has allotted 72,561 equity shares of Rs 10 each at a conversion price of Rs 121 per share to Jermyn Capital Partner Plc.

In a communiqué to stock exchanges, the company said these shares were allotted consequent upon conversion of 20 numbers of 1.5 per cent unsecured FCCBs due in the year 2007 to the FCCB holders who had exercised their right of conversion of bonds into equity shares.

Further, the company said following the conversion the paid up share capital now stands increased to Rs 26.97 crore.

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