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Tuesday, November 20, 2007
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Equity News
Nov 19 2007 5:57PM
Mercator Lines to allot equity shares
The committee of Mercator Lines has approved the allotment of 1,462,248 equity shares of Re 1 each in lieu of surrender of FCCB's aggregating US $ 2,000,000 from a bond holder at a conversion price of Rs 59/812.

Consequently, the paid up capital of the company has increased to 22,43,45,268 equity shares of Re 1 each. With this conversion, now there are 2293 FCCB's outstanding of aggregate amount of US $ 22,930,000.

This was approved at the committee meeting held on 19 November 2007.

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Equities: Trading through Reliance Securities Limited | NSE SEBI Registration Number Capital Market :- INB 231234833 | BSE SEBI
Registration Number Capital Market :- INB 011234839 | NSE SEBI Registration Number Derivatives :- INF 231234833 Commodities : Trading through Reliance Commodities Limited | MCX member code: 29030 | NCDEX member code: NCDEX-CO-05-00647|
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