Punjab Alkalies & Chemicals Ltd allots 6605246 shares

The Board of Directors of Punjab Alkalies & Chemicals Ltd in their meeting held on October 27, 2016, has allotted 66,05,246 equity shares on preferential basis pursuant to the conversion of part of loan into equity shares to CDR Lenders i.e. IDBI Bank Limited, IFCI Limited, Life Insurance Corporation of India, Punjab National Bank and Punjab and Sind Bank as per in-principle approval of BSE.

Shares of PUNJAB ALKALIES & CHEMICALS LTD. was last trading in BSE at Rs.19.5 as compared to the previous close of Rs. 19.35. The total number of shares traded during the day was 41877 in over 495 trades.

The stock hit an intraday high of Rs. 20 and intraday low of 19.05. The net turnover during the day was Rs. 816298.

Source : Equity Bulls

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