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The committee of Alok Industries has issued and allotted 13,66,665 equity shares of the face value of Rs 10 each for cash at a premium of Rs 61.5875 per share as an outcome of conversion of above referred FCCBs. By virtue of conversion of 40 FCCBs referred above, the number of FCCBs and amount outstanding stands at 854 and US $ 42.70 million respectively.
By virtue of the above referred conversion of FCCBs into equity, the paid up equity share capital of the company has increased from Rs 1,71,73,60,110 to Rs 1,73,10,26,760.
These shares were allotted at the committee meeting held on 11 October 2007.
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