Himadri Chemicals & Industries Ltd approves allotment of 32675297 Equity Shares

The "Stakeholders Relationship Committee" of the Board of Directors of Himadri Chemicals & Industries Ltd at its meeting held on March 25, 2016 has allotted 3,26,75,297 Equity Shares of Re. 1/- each at a price of Rs.19/- per share (including a premium of Rs. 18/- per share) aggregating to Rs. 62,08,30,643/- on preferential basis to the promoter group company in terms of the Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on March 22, 2016.

Shares of HIMADRI CHEMICALS & INDUSTRIES LTD. was last trading in BSE at Rs.16.11 as compared to the previous close of Rs. 15.08. The total number of shares traded during the day was 589454 in over 1454 trades.

The stock hit an intraday high of Rs. 16.25 and intraday low of 15.05. The net turnover during the day was Rs. 9329654.

Source : Equity Bulls

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