Financial Daily from THE HINDU group of publications
Thursday, Mar 23, 2006
Financial Daily from THE HINDU group of publications Thursday, Mar 23, 2006 |
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Markets
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Foreign Institutional Investors Corporate - Overseas Borrowings Prajay Engg allots shares to Merrill Lynch Our Bureau
Hyderabad , March 22 Prajay Engineers Syndicate Ltd has informed the stock exchanges that the allotment committee of its board of directors at its meeting held on March 18 has allotted 3,69,090 equity shares of Rs 10 each fully paid-up to Merrill Lynch Capital Markers Espana S.A SV, an FCCB holder at a conversion price of Rs 75 per share. The bonds involved in the conversion were 61 FCCBs of $10,000 each aggregating to $6,10,000. With this latest conversion, cumulatively 330 FCCBs were converted as on date for an aggregate amount of $3.3 million into 19,96,719 underlying equity shares of Rs 10 each fully paid-up and credited Rs 12.97 crore towards share premium account.
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