Vipul Dye Chem allots 40000 shares

The Board of Directors of Vipul Dye Chem Ltd at its meeting held on February 22, 2012, have allotted 40,000 Equity shares of Rs. 10/- each to a person other than promoter group upon conversion of 40,000 warrants issued on preferential basis. The paid-up capital of the Company after the said allotment is increased to Rs. 5,47,45,000/- divided into 5474500 Equity Shares of Rs. 10/- each.

The Remaining 10,85,000 warrants issued to the promoter group and others stand cancelled and accordingly application money of Rs. 54,25,000/-, being 25% of issue price received upon issue of warrants, stands forfeited and transferred to Capital Reserve.

The Board decided to make fresh applications for delisting of equity shares from the Delhi Stock Exchange Ltd. and Ahmadabad Stock Exchange Ltd.

The Vipul Dye Chem Ltd stock closed the day at Rs.15, down by Rs.0.46 or 2.98%. The stock hit an intraday high of Rs.16 and low of Rs.15.

The total traded quantity was 553 compared to 2 week average of 2585.

Source : Equity Bulls

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