Orchid Chemicals allots shares on ESOP

Orchid Chemicals & Pharmaceuticals Ltd has announced that the Allotment Committee of the Board of Directors of the Company at its meeting held on May 03, 2007 has allotted 6,085 equity shares of Rs 10 each (375 equity shares at an adjusted price of Rs 162.24 per share, 210 equity shares at an adjusted price of Rs 168 per share and 5,500 equity shares at an adjusted price of Rs 200.44 per share) to the employees ESOP 1999 Scheme. The equity shares allotted will be locked in for a period of one year from the date of Allotment.

Consequent to the Allotment, the paid up capital of the Company has increased from Rs 658,162,910 to Rs 658,223,760.

The stock closed the day at Rs.260.25, down by Rs.2.90 or 1.10%. The stock hit an intraday high of Rs.268 and low of Rs.258.70. The total traded quantity was 359840.

Source : Equity Bulls

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