there wont be any dilution till it hits 23.33. also considering this thing will more than double their revs and profits i still think they will be considered under valued in the coming quarters. it will fall back for a bit now but should easily recover. might take 3 months maybe even more if the markets overall pull back



Sterlite said the notes carry a coupon of 4 percent and mature on Oct. 30, 2014 and can be converted into American depositary shares at $23.33 per share, a 26 percent premium to their close on Wednesday in New York, where they slid 10.5 percent to $16.62, their lowest close in nearly two weeks.