IOL Chemicals & Pharmaceuticals Ltd approves allotment of 725000 shares

The Allotment Committee of the Board of Directors of IOL Chemicals & Pharmaceuticals Ltd in its meeting held on November 27, 2015 has allotted 7,25,000 equity shares of Rs. 10/- each to M/s. Innova Marchantiles Limited, Non-Promoter on the exercise of option attached with the warrants allotted on July 04, 2014 and the said shares shall be remain locked in for a period of one year from the date of trading approval.

Consequent upon the issue of the above 7,25,000 equity shares, the total paid-up capital of the Company stands increased to 5,58,05,502 fully paid equity shares of Rs. 10/- each.

Shares of IOL CHEMICALS & PHARMACEUTICALS LTD. was last trading in BSE at Rs.93.45 as compared to the previous close of Rs. 92.4. The total number of shares traded during the day was 39908 in over 377 trades.

The stock hit an intraday high of Rs. 94.15 and intraday low of 90.4. The net turnover during the day was Rs. 3674269.

Source : Equity Bulls

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