Natco Pharma allots 17 lakh Equity shares on Preferential Basis

A duly constituted Committee of Directors of Natco Pharma Ltd, at a meeting held on November 29, 2013 allotted 17,00,000 equity shares of Rs. 10/- each at a premium of Rs. 628.40 per share on a Preferential basis to M/s. CX Securities Limited, Mauritius.

Shares of Natco Pharma Ltd was last trading in BSE at Rs.777.50, down by Rs.1.90 or 0.24%. The stock hit an intraday high of Rs.785 and low of Rs.774.75.

The total traded quantity was 0.63 lakhs as compared to 2 week average of 0.20 lakhs.

Source : Equity Bulls

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