|2002-The Board of Directors of Soma Textile & Industries Ltd at its meeting held on August 07, 2002 has allotted:
1. 3,22,000 -15% Optionally Fully Convertible Debentures (OFCD) of Rs.100/- each by converting the portion of company's overdue liabilities to ICICI Bank Ltd. aggregating to Rs 3,22,00,000/-
2. 3,52,000 -15% Optionally Fully Convertible Debentures of Rs.100/- each by converting part of the Rupee Tied overdue loan to the IDBI aggregating to Rs 3,52,00,000/-.
-Industrial Development Bank of India [IDBI] has acquired 17,60,000 shares amounting to 12.11% of the total paid up capital of Soma Textiles Limited.