Prakash Industries Allotted Equity Shares On Conversion Of FCCBs (03-Mar-2010)
Prakash Industries Ltd has informed that the Company has received notices from FCCB holders for conversion of 12 Nos. bonds (USD 1,00,000 each) in to 3,28,800 Nos. equity shares of Rs. 10/- each of the Company. Accordingly, Allotment Committee of the Board of Directors of the Company at its meeting held on February 27, 2010 has allotted 3,28,800 equity shares pursuant to conversion of 12 Nos. bonds.
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