Mangalam Drugs & Organics Ltd allots 2650000 shares warrants

The Board of Directors of Mangalam Drugs & Organics Ltd at its Meeting held on September 28, 2015, has allotted 26,50,000 convertible share warrants at Rs. 65/- (including premium of Rs. 55/-) to Shri JB Pharma LLP, Promoter group on preferential basis in accordance with the Chapter VII of SEBI (ICDR) Regulation 2009. In terms of their issue the warrants are convertible into equity shares within the period of 18 months from the date of allotment.

Shares of MANGALAM DRUGS & ORGANICS LTD. was last trading in BSE at Rs.114.5 as compared to the previous close of Rs. 115.25. The total number of shares traded during the day was 58870 in over 751 trades.

The stock hit an intraday high of Rs. 119.3 and intraday low of 111.5. The net turnover during the day was Rs. 6769030.

Source : Equity Bulls

Keywords