Chembond Chemicals Ltd approves allotment of 54500 Equity Shares

The Nomination & Remuneration Committee of the Board of Directors of Chembond Chemicals Ltd, on December 08, 2016, has allotted 54500 equity shares of Rs. 5/- each face value, to the Option Grantee(s) upon exercise of 54500 Options by them pursuant to the terms of the Chembond Chemicals Employees Stock Option Plan 2012 of the Company.

The said shares shall rank pari-passu with the existing shares of the Company in all respects.

Post allotment, the Company's issued and paid-up share capital stands increased to Rs. 67,241,440/- divided into 13448288 equity shares of Rs. 5/- each face value.

Shares of CHEMBOND CHEMICALS LTD. was last trading in BSE at Rs.200.15 as compared to the previous close of Rs. 201.35. The total number of shares traded during the day was 1664 in over 38 trades.

The stock hit an intraday high of Rs. 204.9 and intraday low of 196.45. The net turnover during the day was Rs. 331627.

Source : Equity Bulls

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