Bodal Chemicals Ltd allots 1.5 crore warrants at Rs. 115
The Board of Directors of Bodal Chemicals Ltd in their Meeting held on 12th July, 2019 has allotted 1,50,00,000 share warrants at Rs.115/- per warrant convertible to Equity shares of Rs. 2/- each at a premium of Rs.113/- per share.
The Company has received the upfront payment of 25% of the total consideration as per the terms of the issue on these 1,50,00,000 share warrants. As the Company has allotted convertible warrants there is no change in the paid-up capital of the Company.
Shares of BODAL CHEMICALS LTD. was last trading in BSE at Rs.93.1 as compared to the previous close of Rs. 94.3. The total number of shares traded during the day was 8572 in over 186 trades.
The stock hit an intraday high of Rs. 94.9 and intraday low of 93.1. The net turnover during the day was Rs. 803633.