Alchemist Ltd to consolidate shares from Rs.1 to Rs.10 paidup

Alchemist Ltd has announced that the Board of Directors of the Company at its meeting held on April 12, 2007 has recommended to shareholders the consolidation of 10 equity shares having face value of Rs 1/- each in to One equity share of Rs 10/- each, for which necessary permission of shareholders, is being sought at the Extra Ordinary General Meeting of shareholders of the Company to be held on May 09, 2007.

The stock was trading down Re.0.53 or 5.45% at Rs.9.20. The stock hit an intraday low of Rs.8.95 and high of Rs.9.80. The total traded quantity was 138875 shares compared to 2 week average of 303447.

Source : Equity Bulls

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