Punjab Chemicals & Crop Protection to consider preferential issue of 30 lakh FCDs

The meeting of "Issue and allotment Committee-Preferential Issue II" of the Board of Directors of Punjab Chemicals & Crop Protection Ltd is scheduled to be held on September 30, 2012 to consider and approve the conversion of 30,00,000 Zero Coupon Unsecured Fully Convertible Debenture of Rs. 100/- each which was issued to Gowal Consulting Services Private Limited (the Subscriber), into Equity Shares of the Company pursuant to the option exercised by the subscriber vide letter dated September 27, 2012.

The Punjab Chemicals & Crop Protection Ltd stock closed the day at Rs.77.05, up by Rs.0.05 or 0.06%. The stock hit an intraday high of Rs.77.95 and low of Rs.75.50.

The total traded quantity was 1940 compared to 2 week average of 1246.

Source : Equity Bulls

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