Ashok Leyland converts FCCN into equity

Chennai: Commercial vehicles manufacturer Ashok Leyland Ltd has informed the stock exchanges that its Board Committee at the meeting held on August 20, 2007 has allotted 1,470,000 shares of Re.1 each on conversion of 1000 foreign currency convertible notes (FCCN).

Taking into account the new allotment, the total issued and paid-up capital of the company as on that date is around Rs.133 crore, up marginally from Rs132.3 crore.