Zenotech Laboratories Ltd approves allotment of 2,66,03,068 at Rs. 45 on rights basis

BSE Limited, the designated stock exchange for the purpose of rights issue, has approved the Basis of Allotment on July 24, 2017.

Pursuant to finalization of basis of allotment in consultation with BSE Limited, the Board of Directors of Zenotech Laboratories Ltd at its meeting held today, i.e., July 25, 2017 has approved the allotment of 2,66,03,068 Fully Paid up Equity Shares of Rs.10/- each at a price of Rs. 45/- per equity share (including a share premium of Rs.35/- per equity share) issued on rights basis, to all eligible applicants who have subscribed to the said issue and whose applications were valid.

Shares of ZENOTECH LABORATORIES LTD. was last trading in BSE at Rs.54.35 as compared to the previous close of Rs. 57.2. The total number of shares traded during the day was 7247 in over 47 trades.

The stock hit an intraday high of Rs. 57.2 and intraday low of 54.35. The net turnover during the day was Rs. 398174.

Source : Equity Bulls

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