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Monday, March 28, 2011

Ind-Swift Laboratories Ltd: Outcome of Board Meeting

Ind-Swift Laboratories Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 28, 2011, has approved the allotment of 16,00,000 equity shares as under:-

1. 7,00,000 equity shares allotted to Promoters Group upon conversion of 7,00,000 Zero Coupon Optionally Convertible Warrants (2010 Series) at a price of Rs. 82.50/-per share.

2. 9,00,000 equity shares allotted to Other Bodies Corporate upon conversion of 9,00,000 Zero Coupon Optionally Convertible Warrants (2010 Series) at a price of Rs. 82.50/-per share.

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