Chembond Chemicals Ltd approves allotment of 3 lac warrants at Rs.183.97

The Board of Directors of Chembond Chemicals Ltd at its meeting held on May 12, 2012, has approved allotment of 3,00,000 (Three Lac Only) Warrants of face value Rs. 10/- to the proposed allottees, at a price of at 183.97 per warrant, with a right exercisable (in one or more tranches) by the Warrant Holders to subscribe for one equity share of Rs. 10/- each in the Company per Warrant, which option shall be exercisable within 18 (Eighteen) months.

Shares of Chembond Chemicals Ltd closed the day at Rs.177, up by Rs.2. The stock hit an intraday high of Rs.177 and low of Rs.177.

The total traded quantity was 100 compared to 2 week average of 335.

Source : Equity Bulls

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