Advanta has informed that the Board of Directors of the Company at its meeting held on March 26, 2015, have considered and approved the conversion of 50 Foreign Currency Convertible Bonds (FCCBs) into Global Depository Receipts (GDRs) and allotment of 79,44,140 equity shares of Rs. 2 each to JP Morgan Chase Bank, NA - Depository Bank, who shall issue appropriate GDRs.
The above information is a part of company’s filings submitted to BSE.