Lupin - Outcome Of Allotment Committee Meeting

Lupin Ltd has informed that the Allotment Committee of Board at its meeting held on May 14, 2007, has considered and approved allotment of 244,744 equity shares of Rs 10/-each, for cash at a premium in terms of the Offering document, to Goldman Sachs Investments (Mauritius) I Ltd consequent upon conversion of FCCBs amounting toUSD 3,000,000, out of USD 100,000,000 FCCBs issued by the Company in January, 2006.