Bal Pharma Ltd allots 13 lakh shares at Rs. 62

The Board of Directors of Bal Pharma Ltd at its meeting held on April 13, 2016, has approved the allotment of 13,00,000 equity shares of Rs. 10/- each with a premium of Rs. 52/- per share of the Company on preferential basis to the investors who has exercised the conversion option on 13,00,000 warrants subscribed by them.

With this allotment, the paid up equity share capital of the Company has enhanced to Rs. 14,17,23,720/- divided into 1,41,72,372 equity shares of Rs. 10 each.

Shares of BAL PHARMA LTD. was last trading in BSE at Rs.103.7 as compared to the previous close of Rs. 102.1. The total number of shares traded during the day was 30464 in over 513 trades.

The stock hit an intraday high of Rs. 106.9 and intraday low of 102.6. The net turnover during the day was Rs. 3197216.

Source : Equity Bulls

Keywords