Pidilite Industries has informed that pursuant to the Offering Circular dated December 03, 2007, the company had issued and allotted 400 Zero Coupon Foreign Currency Convertible Bonds (Bonds)(FCCBs) of $100,000 each aggregating to $40 million.
Further, the company has informed that, the Foreign Currency Convertible Bonds (Share Allotment) Committee at its meeting held on November 23, 2012 has, in accordance with the terms of issue of the said Bonds, allotted 3,12,106 equity shares to the investor who has exercised its right to convert, into equity shares, the eight Bonds of $100,000 each. There are 249 Bonds aggregating $24.9 million outstanding, as on date.
The above information is a part of company’s filings submitted to BSE.
