Balmer Lawrie & Company Ltd allots 8,55,01,923 shares

At the meeting of the Board of Directors of Balmer Lawrie & Company Ltd held on December 27, 2016, the Board has approved the allotment of 8,55,01,923 new Equity Bonus Shares of Rs. 10/- each as fully paid up Equity Shares of the Company to the shareholders of the Company as on the record date fixed for the purpose i.e. December 27, 2016.

The Board also approved the appointment of Ms. Indrani Kaushal as Government Nominee Director of the Company.

Shares of BALMER LAWRIE & CO.LTD. was last trading in BSE at Rs.234.4 as compared to the previous close of Rs. 237.6. The total number of shares traded during the day was 22481 in over 743 trades.

The stock hit an intraday high of Rs. 239.7 and intraday low of 232. The net turnover during the day was Rs. 5273802.

Source : Equity Bulls

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