Tricom India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 22, 2011, inter alia, has allotted 60,45,000 Fully Convertible Debentures (FCD) of Rs. 20/- each on Preferential basis.
Each FCD shall be convertible into 1 (one) Equity Share of Rs. 2/- each fully paid up at a price of Rs. 20/- each, which includes a premium of Rs.18/- per share, within a period of 18 months from the date of allotment at the option of the Company. FCD shall carry a simple rate of interest of 15% per annum till the date of conversion.
Sensex
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Tuesday, February 22, 2011
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