11.   They would involve the banks swapping some of their debt for equity in the company, diluting the holdings of current shareholders.

12.   Those sales come at a price for existing shareholders, whose holdings are diluted.

13.   To start with, a recapitalization of Foncier with new shares would dilute their holdings.

14.   Banyong said the Lamsam family which currently owns a major chunk of shares would see its holdings diluted.

15.   But it could also dilute the holding of the dominant community in big companies.

16.   Formally, the new share issue will require the approval of existing Avtovaz shareholders, whose holdings will be diluted by half under the deal.

17.   In India, takeover bids through stock swaps might take a long time as this dilutes promoter holdings, something few of our promoters are comfortable with.

18.   This is necessary as its intention is not to dilute equity holdings under the current economic situations.

19.   Zahid said at the Parliament lobby yesterday that BSN, Heritage Foundation Fund and MIDF would dilute their holdings in the two banks.

20.   He told a press conference that a conversion of debt into equity was not desirable because it would dilute holdings of existing shareholders, who had already suffered heavily.