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CHENNAI

: MegaSoft Ltd will issue 7.76 lakh equity shares to the Mauritius-based Grants Investment Ltd upon conversion of foreign currency convertible bonds worth $2 million. Its board of directors approved the issue of shares of Rs 10 each at a premium of Rs 105 per share to Grants Investment on exercise of conversion option of the FCCB, the software company informed the Bombay Stock Exchange.

(This article was published in the Business Line print edition dated January 25, 2006)
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