Welspun Syntex has informed that the company has allotted 1,60,00,000, 6% Optionally Convertible Cumulative Preference Shares (OCCPS) of Rs. 10 each aggregating to Rs. 1,60,00,000 on October 29, 2012.
Further, the aforesaid OCCPS, convertible into 1,55,94,541 equity shares of Rs. 10 each at a price of Rs. 10.26 per share at the option of allottee at any time within 18 months from the date of allotment.
The above information is a part of company's filings submitted to BSE.