Aarti Drugs Ltd allots 6,99,00,000 bonus shares

Subsequent to the approval of shareholders accorded through Postal Ballot on September 20, 2020, the Allotment Committee of the Board of Directors of Aarti Drugs Ltd through circular resolution passed today i.e October 5, 2020 approved the allotment of 6,99,00,000 (Six Crore Ninety Nine lakhs) Equity Shares of Rs. 10/- each as fully paid up, in the ratio of 3:1, to the eligible members whose name appear in the register of members/ list of beneficial owners as on October 1, 2020, being the record date fixed for this purpose.

Post the above allotment, the paid up equity share capital of the company has increased from 2,33,00,000 equity shares (Face Value - Rs. 10 each) to 9,32,00,000 equity shares (Face Value - Rs. 10 each).

Shares of AARTI DRUGS LTD. was last trading in BSE at Rs.850.6 as compared to the previous close of Rs. 810.1. The total number of shares traded during the day was 57206 in over 4123 trades.

The stock hit an intraday high of Rs. 850.6 and intraday low of 815. The net turnover during the day was Rs. 47998700.

Source : Equity Bulls

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