Panama Petrochem Ltd allots 20,164,533 equity shares

Panama Petrochem Ltd has, on October 5, 2017, allotted 20,164,533 equity shares of Rs. 2 each as fully paid-up bonus equity shares in the ratio of 1:2 i:e 1 (one ) equity share of Rs. 2 each for every 2 (two) fully paid up equity shares to the members eligible to receive bonus equity shares of the Company, whose names appear in the Register of Members and the Register of Beneficial Owners as per the particulars obtained from National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) as on October 4, 2017, 'the Record Date' fixed for this purpose.

Consequent to the aforesaid allotment of bonus shares, the share capital of the Company stands increased to Rs. 120,987,196 divided in 60,493,598 equity shares of Rs. 2/- each, fully paid-up.

Shares of PANAMA PETROCHEM LTD. was last trading in BSE at Rs.161.85 as compared to the previous close of Rs. 172.15. The total number of shares traded during the day was 60226 in over 1411 trades.

The stock hit an intraday high of Rs. 169.5 and intraday low of 160.35. The net turnover during the day was Rs. 9913060.

Source : Equity Bulls

Keywords