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Chennai, Nov. 16

Natco Pharma Ltd has informed the BSE that the committee constituted for the issue of FCCBs and related matters at a meeting on November 16 allotted 4,66,584 equity shares of Rs 10 each at a conversion price of Rs 121 per share. These shares were allotted consequent upon conversion of 143 numbers of 1.5 per cent unsecured FCCBs due in 2007 to the holders who had exercised their right of conversion of bonds into equity shares.

- Our Bureau

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