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Saturday, Jul 16, 2005

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Aurobindo chief converts warrants

Our Bureau

HYDERABAD: Aurobindo Pharma Ltd has informed the Bombay Stock Exchange that its committee of board of directors at a meeting held on Friday has allotted 10 lakh equity shares of Rs 5 each at a premium of Rs 370 per share to Mr P.V. Ramaprasad Reddy, Chairman of the company, on exercise of his conversion right by paying the balance allotment money in respect of 10 lakh warrants out of total 25 lakh warrants allotted to him.

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