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XL Telecom allots equity shares

Hyderabad, Jan. 9

XL Telecom & Energy Ltd informed the BSE today that the company allotted 11,93,698 equity shares of Rs 10 each at a premium of Rs 250 per share upon conversion of Foreign Currency Convertible Bonds (FCCBs) equivalent to $7.8 million. Consequently, Triple M Investments Ltd was allotted 6,58,064 shares, Macquarie Bank Ltd 76,519 shares and Morgan Stanley Mauritius Company Ltd 4,59,115 shares, respectively. —

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