Maharashtra Seamless allots equity shares on conversion of FCCBs

Mumbai, Aug 11 (UNI) Maharashtra Seamless today informed BSE that the Committee of Directors of the Board of the company at its meeting held on August 11, 2006, has allotted 687,376 Nos of Equity Shares of Rs five each at a Premium of Rs 248.34 per share upon exercise of option of conversion for 4000 Nos of Zero Coupon Foreign Currency Convertible Bonds (FCCBs) of USD 1,000 each into Equity Shares of the company.

Consequently, the paid-up Equity Share Capital of the company has increased from 5,96,12,734 Equity Shares to 6,03,00,110 Equity Shares of Rs five each, as of date.

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