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Wednesday, Jan 25, 2006


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Info-Tech - Overseas Borrowings


MegaSoft FCCB issue

Our Bureau

CHENNAI: MegaSoft Ltd will issue 7.76 lakh equity shares to the Mauritius-based Grants Investment Ltd upon conversion of foreign currency convertible bonds worth $2 million. Its board of directors approved the issue of shares of Rs 10 each at a premium of Rs 105 per share to Grants Investment on exercise of conversion option of the FCCB, the software company informed the Bombay Stock Exchange.

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