Sun Pharma allots 4.62 lakh shares

The drugs company says it has converted of 7,500 zero coupon Foreign Currency Convertible Bonds of $1,000 each.

Sun Pharmaceutical Industries Ltd on Monday said it has alloted 4.62 lakh equity shares upon conversion of 7,500 zero coupon Foreign Currency Convertible Bonds (FCCB) of $1,000 each.

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The committee of directors (allotment) at its meeting held recently allotted the equity shares of Rs 5 each at a premium of Rs 724.30 per share upon conversion of 7,500 FCCB, Sun Pharmaceutical informed the Bombay Stock Exchange.

Consequent to the allotment of equity shares, the paid up equity share capital of the company has increased to 18.66 crore equity shares from 18.61 crore equity shares of Rs 5 each, as of date, it added.

The shares of the company were trading at Rs 926, up 0.71 per cent at the BSE.