Coromandel International Ltd allots Shares to the shareholders of Liberty Phosphate Limited

The Stakeholders Relationship Committee of Directors of Coromandel International Ltd, on June 16, 2014, has approved allotment of 25,74,193 equity shares of Re.1 each to the public shareholders of Liberty Phosphate Limited, in the ratio of 7 equity shares of Re. 1 each of the Company for every 8 equity shares of Rs. 10 each held in Liberty Phosphate Limited pursuant to the Scheme of Amalgamation (Scheme) approved by the Hon'ble High Court of Andhra Pradesh and Hon'ble High Court of Gujarat.

Shares of COROMANDEL INTERNATIONAL LTD. was last trading in BSE at Rs.257.4 as compared to the previous close of Rs. 259.35. The total number of shares traded during the day was 8453 in over 515 trades.

The stock hit an intraday high of Rs. 264 and intraday low of 256.25. The net turnover during the day was Rs. 2204819.

Source : Equity Bulls

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