Glenmark Pharmaceuticals Ltd allots 17803 shares

The Operations Committee of the Board of Directors of Glenmark Pharmaceuticals Ltd, at its Meeting held on June 16, 2015, allotted 17,803 Equity Shares of the face value of Re. 1/- each in the ratio of Four (4) Equity Shares of Re. 1 each of Glenmark Pharmaceuticals Limited for every Five (5) Equity Shares of Rs. 10/- each held of Glenmark Generics Limited pursuant to Scheme of Amalgamation of Glenmark Generics Limited with Glenmark Pharmaceuticals Limited approved by Hon'ble High Court of Bombay.

Shares of GLENMARK PHARMACEUTICALS LTD. was last trading in BSE at Rs.924.05 as compared to the previous close of Rs. 887.8. The total number of shares traded during the day was 101144 in over 3934 trades.

The stock hit an intraday high of Rs. 929.9 and intraday low of 891. The net turnover during the day was Rs. 91956286.

Source : Equity Bulls

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