Bafna Pharmaceuticals allots 9 lakh shares, 25 lakh warrants

The Board of Directors of Bafna Pharmaceuticals Ltd at its meeting held on January 13, 2012, has approved the revised facilities offered by State Bank of india, Leather & international Branch, Chennai.

The Board also allotted 9,00,000 Equity Shares of Rs. 10/- each at a premium of Rs. 40/- and 25,00,000 warrants convertible into 25,00,000 equity shares of Rs. 10/- each at a premium of Rs. 40/- pursuant to In-principle approval received from the Stock Exchange.

The Bafna Pharmaceuticals stock closed the day at Rs.42, up by Rs.1.70 or 4.22%. The stock hit an intraday high of Rs.42 and low of Rs.40.55.

The total traded quantity was 0.49 lakhs compared to 2 week average of 0.30 lakhs.

Source : Equity Bulls

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