JSL Stainless allots shares upon conversion of FCCBs

JSL Stainless has allotted 17 lakh equity shares of Rs 2 each upon conversion of FCCBs worth USD 5000.

January 06, 2011 / 15:38 IST

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JSL Stainless Ltd has informed BSE that the Company have received a Notice dated January 04, 2011 through Citibank N.A., principal agent of the bond holders for conversion of 950 Foreign Currency Convertible Bonds (FCCBs) of US$ 5,000 each into 17,33,620 equity shares of Rs.2/- each.

The Company is in process of allotment of shares upon conversion of the said Convertible Bonds.

Source : BSE

first published: Jan 6, 2011 03:38 pm

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