Mangalam Drugs & Organics Ltd approves allotment of 1450000 shares

The Board of Directors of Mangalam Drugs & Organics Ltd at its meeting held on June 10, 2016, has approved the allotment of balance 14,50,000 Equity Shares of Rs. 10/- each at a premium of Rs. 55/- per share pursuant to exercise of right for conversion of remaining 14,50,000 warrants into equity shares to the promoter group on preferential basis, upon the receipt of balance consideration amount on it.

Shares of MANGALAM DRUGS & ORGANICS LTD. was last trading in BSE at Rs.178.9 as compared to the previous close of Rs. 180.1. The total number of shares traded during the day was 11760 in over 286 trades.

The stock hit an intraday high of Rs. 182.75 and intraday low of 177.5. The net turnover during the day was Rs. 2112164.

Source : Equity Bulls

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