Ind-Swift Laboratories Ltd approves issue of shares

The Board of Directors of Ind-Swift Laboratories Ltd at its meeting held on August 08, 2015, has approved the issue of shares as per SEBI (ICDR) Guidelines to Promoter's Group on preferential basis against the promoters contribution infused by the promoters under the CDR package of the Company.

The Board also approved the grant of 16,00,000 Options to Employees under 'Employee Incentive Scheme, 2014'. Each option entitled to one equity share of Rs. 10/- each.

Shares of IND-SWIFT LABORATORIES LTD. was last trading in BSE at Rs.40.25 as compared to the previous close of Rs. 42.3. The total number of shares traded during the day was 169047 in over 684 trades.

The stock hit an intraday high of Rs. 42.4 and intraday low of 39.1. The net turnover during the day was Rs. 6751432.

Source : Equity Bulls

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