Bal Pharma Ltd allots 13 lakh warrants

After obtaining the approvals from the members, stock exchanges and other regulatory agencies and after having received the 25% of the initial consideration amount from the subscribers, the Board of Directors of Bal Pharma Ltd at its meeting held on October 20, 2014 has approved the issue and allotment of 13,00,000 warrants to the subscribers on preferential basis, at a conversion price of Rs.62/- per warrant.

Shares of BAL PHARMA LTD. was last trading in BSE at Rs.69.05 as compared to the previous close of Rs. 68.35. The total number of shares traded during the day was 2186 in over 61 trades.

The stock hit an intraday high of Rs. 69.5 and intraday low of 68.5. The net turnover during the day was Rs. 150590.

Source : Equity Bulls

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