Strides Arcolab allots warrants at Rs.342.10 to Agnus Holdings Pvt Ltd

Strides Arcolab Ltd has announced that the Board of Directors of the Company has allotted 5,600,000 warrants at a price of Rs 342.10 per warrant, on preferential basis to Agnus Holdings Pvt Ltd, a promoter Group Company, entitling the warrant holder to apply for an equivalent number of fully paid-up equity share of Rs 10 each of the Company at any time during 18 months from the date of issue.

The stock was trading at Rs.317.50, up by Rs.2.80 or 0.89%. The stock hit an intraday high of Rs.318.85 and low of Rs.317.50. The total traded quantity was 20 compared to 2 week average of 1782.

Source : Equity Bulls

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