JSL Stainless has informed that the company have received a notice dated May 31, 2012 through Citibank N. A., London, principal agent of the bond holders for conversion of 160 Foreign Currency Convertible Bonds (FCCBs) of $5,000 each into 2,91,978 equity shares of Rs 2 each.
According to the conversion, the paid up capital of the company would increase from Rs 37,90,11,250 to Rs 37,95,95,206 divided into 18,97,97,603 equity shares of Rs 2 each. The conversion price shall be at Rs 119.872 per equity share in terms of the issue of said FCCBs.
The above information is part of company’s filing submitted to the BSE.
