Sharon Bio-Medicine Ltd approves issue of 1.8 crore warrants

The Board of Directors of Sharon Bio-Medicine Ltd at its meeting held on June 10, 2014, have approved issue of upto 1,80,00,000 warrants, convertible into equity shares to Promoter Croup at a price to be calculated as per SEBI ICDR regulations, subject to a minimum price of Rs. 45 per warrant/ share [Rs. 2 towards face value and balance towards premium), subject to the consent of the Members of the Company to be obtained through Postal Ballot. Board approved the Postal Ballot notice to be sent to the Members.

Shares of SHARON BIO-MEDICINE LTD. was last trading in BSE at Rs.46.95 as compared to the previous close of Rs. 45.25. The total number of shares traded during the day was 556658 in over 6825 trades.

The stock hit an intraday high of Rs. 48.55 and intraday low of 46.55. The net turnover during the day was Rs. 26550795.

Source : Equity Bulls

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