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Mumbai, Dec. 21

Maharashtra Seamless Ltd has allotted 8,59,220 equity shares of Rs 5 each of the company at a premium of Rs 248.34 per share upon exercise of option of conversion for 5,000 number of zero coupon Foreign Currency Convertible Bonds (FCCB)s of $ 1,000 each into equity shares of the Company.

Consequently, the paid-up equity share capital of the company has increased from 6,58,93,633 equity shares to 6,67,52,853 equity shares of Rs 5 each, as of date.

(This article was published in the Business Line print edition dated December 22, 2006)
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