Pursuant to the special resolution passed by the members of the Company at the Extra Ordinary General Meeting held on 24th October, 2019 and subject to applicable laws, rules and regulations, circulars, notifications, clarifications, guidelines and subject to such approvals as may be required, the Board of Directors of the Company have allotted 5,00,000 convertible warrants to the members of Promoters / Promoter Group of the Company with a right to the warrant holders to apply for and be allotted 1 (one) equity share of Rs. 2/- each of the Company at a price of Rs. 955/- per share (including premium of Rs. 953/- per share), for each warrant, within a period of 18 months from the date of allotment of the said warrants.
Shares of IPCA LABORATORIES LTD. was last trading in BSE at Rs.1062.65 as compared to the previous close of Rs. 1010.4. The total number of shares traded during the day was 56242 in over 4552 trades.
The stock hit an intraday high of Rs. 1103 and intraday low of 1005.35. The net turnover during the day was Rs. 59888421.