Parenteral Drugs India Ltd allots shares to promoter group

The Board of Directors of Parenteral Drugs India Ltd at its meeting held on October 30, 2013, has issued and allotted 39,49,469 Fully Paid-up Equity Shares to M/s. MVG Mercantile Private Limited, a Company under promoter category, pursuant to conversion of 29,62,102, 0% Optionally Convertible Redeemable Preference Shares.

Shares of Parenteral Drugs India Ltd was last trading in BSE at Rs.43.85, up by Rs.1.60 or 3.79%. The stock hit an intraday high of Rs.46.85 and low of Rs.33.85.

The total traded quantity was 1450 as compared to 2 week average of 3823.

Source : Equity Bulls

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