Sequent Scientific Ltd allots 1200000 Shares

Sequent Scientific Ltd has allotted 1,200,000 fully paid equity shares of Rs. 10/- each against conversion of 1,200,000 warrants at a price of Rs. 222.15 per warrant including premium of Rs. 212.15 per warrant to promoter group entities Agnus Capital LLP (1,000,000 shares) and Chayadeep Ventures LLP (200,000 shares).

Consequent to the allotment, the paid up equity share capital of the Company has increased from Rs. 304,851,910/- consisting of 30,485,191 equity shares of Rs. 10/- each to Rs. 316,851,910/- consisting of 31,685,191 equity shares of Rs. 10/- each.

Shares of SEQUENT SCIENTIFIC LTD. was last trading in BSE at Rs.580.5 as compared to the previous close of Rs. 605.25. The total number of shares traded during the day was 29116 in over 1500 trades.

The stock hit an intraday high of Rs. 620 and intraday low of 574. The net turnover during the day was Rs. 17318406.

Source : Equity Bulls

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