Syncom Formulations India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 05, 2011, has converted 11,00,000 warrants into 11,00,000 Equity Shares of Rs. 10/- each fully paid up at a premium of Rs. 10/- share out of outstanding 49,70,000 warrants and allotted 11,00,000 Equity Shares at a price of Rs. 28/- (face value Rs. 10/- and Rs. 18/- premium) each to other than promoters of the Company whose warrants have been converted into equity.
Now the paid up equity share capital of the Company has been raised from 1,73,34,348 shares to 1,84,34,348 shares only.
Sensex
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Sunday, February 06, 2011
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