Sun Pharmaceutical Industries Ltd allots 16229 shares

The Allotment Committee of Directors of Sun Pharmaceutical Industries Ltd at its meeting held on November 22, 2016, allotted 16,229 (Sixteen Thousand Two Hundred and Twenty Nine) equity shares of the Company of Re. 1/- (Rupee One Only) each, on exercise of stock options under the Sun Employee Stock Option Scheme - 2015.

Accordingly, post the above allotment the paid-up equity share capital of the Company is Rs. 2,39,92,70,188/- (Rupees Two Hundred and Thirty Nine Crore Ninety Two Lakhs Seventy Thousand One Hundred and Eighty Eight Only) divided into 2,39,92,70,188/- (Rupees Two Hundred and Thirty Nine Crore Ninety Two Lakhs Seventy Thousand One Hundred and Eighty Eight Only) of Re. 1/- each.

The meeting of the allotment Committee commenced at 5.00 p.m. and concluded at 5.30 p.m.

Shares of SUN PHARMACEUTICAL INDUSTRIES LTD. was last trading in BSE at Rs.683.6 as compared to the previous close of Rs. 701.05. The total number of shares traded during the day was 628631 in over 5635 trades.

The stock hit an intraday high of Rs. 702 and intraday low of 681. The net turnover during the day was Rs. 434488379.

Source : Equity Bulls

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