Orchid Chemicals & Pharmaceuticals Ltd allots 14809801 shares

The Allotment Committee of the Board of Directors of Orchid Chemicals & Pharmaceuticals Ltd at their meeting held on December 22, 2014 has allotted 1,48,09,801 equity shares of Rs. 10/- each @ Rs. 49.79/- (including a premium of Rs. 39.79/- per share) as the first tranche to the Promoter group Company M/s Orchid Healthcare Private Limited on Preferential Basis as per the Corporate Debt Restructuring (CDR) Scheme approved by the CDR Empowered Group in terms of CDR Scheme.

Shares of ORCHID CHEMICALS & PHARMACEUTICALS LTD. was last trading in BSE at Rs.63.1 as compared to the previous close of Rs. 63.55. The total number of shares traded during the day was 135295 in over 2249 trades.

The stock hit an intraday high of Rs. 64.45 and intraday low of 62.85. The net turnover during the day was Rs. 8576648.

Source : Equity Bulls

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