Ind-Swift Laboratories has informed that the board of directors in its meeting held on January 16, 2012 approved the allotment of 15,61,000 equity share to promoters group companies upon conversion of 15,61,000 zero coupon optionally convertible warrants (2010 series) at a price of Rs. 82.50 per share.
The above information is part of the company’s filing submitted to the BSE.