Conversion of 88,97,316 partly paid -up equity shares of face value of Rs. 1 each, which were 34% paid up (comprising Rs. 0.34 of the face value and Rs. 48.62 premium) into partly paid up equity shares of face value of Rs. 1 each, which are 67% paid up (comprising Rs. 0.67 of the face value and Rs. 95.81 premium).