Pidilite Industries Ltd - Allotment of equity shares pursuant to conversion of Foreign Currency Convertible Bonds

Pidilite Industries Ltd - Allotment of equity shares pursuant to conversion of Foreign Currency Convertible Bonds
Pidilite Industries Ltd has informed BSE that pursuant to the Offering Circular dated December 03, 2007, the Company had issued and allotted 400 Zero Coupon Foreign Currency Convertible Bonds (Bonds) of US$ 100,000 each aggregating to US$ 40 million. Further the Company has informed that, the Foreign Currency Convertible Bonds (Share Allotment) Committee at its meeting held on June 28, 2011 has, in accordance with the terms of issue of the said Bonds, allotted 2,32,926 equity shares to the investor who has exercised its right to convert, into equity shares, the six Bonds of US $ 100,000 each. There are 363 Bonds aggregating US$ 36.3 million outstanding, as on date.
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