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Alok Industries allots shares against FCCBs

CHENNAI: Alok Industries has allotted 6.07 lakh equity shares of Rs. 10 each at a premium of Rs. 61.5875 per share upon conversion of 20 foreign currency convertible debentures (FCCBs) of $50,000 each aggregating $1 million, the multi-divisional textile company has stated in a notification to the BSE.

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