Archit Organosys Ltd allots rights shares

The Board of Directors of the Company, at its meeting held today i.e. on Thursday, March 23, 2017, upon finalization of basis of allotment with BSE Limited, has considered and approved the allotment of 1,00,42,2OO equity shares having face value of Rs. 10/- each-at a price of Rs. 25/- per equity share including a premium of Rs. 15 per equity share [Rs. 12.50/- paid on Application consisting of Rs. 5/- towards face value and Rs. 7.50 towards securities premium) on rights basis to the eligible existing shareholders of the company as on the record date i.e. February 11, 2017 and whose applications were valid.

The meeting ofthe Board commenced at 7.30 p.M. and concluded at 8.0S p.M

Shares of ARCHIT ORGANOSYS LTD. was last trading in BSE at Rs.41 as compared to the previous close of Rs. 42.05. The total number of shares traded during the day was 5791 in over 37 trades.

The stock hit an intraday high of Rs. 43.25 and intraday low of 40.8. The net turnover during the day was Rs. 244353.

Source : Equity Bulls

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