Nectar Life Allotted Equity Shares Underlying GDRs (01-Mar-2010)
Nectar Lifesciences Ltd has informed that the Global Depository Receipts (GDRs) issue has been fully subscribed and Board of Directors of the Company at their Meeting held on February 26, 2010, have allotted 46,000,000 equity shares of Re. 1/- each underlying 46,000,000 Global Depository Receipts (GDRs) of USD 0.76 each. The total proceeds from the issue are USD 34.96 Million.
After the allotment of underlying equity shares, the paid up equity capital of the Company stands increased from Rs. 178,260,970/- to Rs. 224,260,970/- comprising of 224,260,970 equity shares of Re. 1/- each.
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