LML Ltd has allotted over 67.15 lakh equity shares upon conversion of 5,879 Foreign Currency Convertible Bonds (FCCBs) to Merrill Lynch Capital Markets Espana SASV.

The company informed the Bombay Stock Exchange that its Financial Restructuring Committee of Directors allotted the shares of Rs 10 each at a premium of Rs 28.08 per share upon FCCB conversion.

The shares were allotted upon conversion of FCCBs of $1,000 each aggregating to $5.87 million, the company added.

http://economictimes.indiatimes.com/articleshow/1648148.cms