Tata Tele share allotment
The Financial Express — June 29, 2005

The financial committee of board of Tata Teleservices Ltd has approved the issue and allotment of 17,79,246 equity shares of Rs 10 each to various investors, who have converted FCCBs of $1 million in to equity shares. The shares have been issued and allotted at a premium of Rs 14.96 per share, at an issue price of Rs 24.96 per share,in accordance with the terms of the FCCB issue, according to the company's notification with The Stock Exchange, Mumbai.

Also, out of the total FCCBs of $125 million issued by the company in June 2004, FCCBs aggregating $50.06 million have so far been converted into 8,90,69,080 equity shares (including this 7th tranche) of the company at a premium of Rs.14.96 per share. Tata Group holding stands marginally reduced to 66.55% as a consequence of the allotment.