Vipul Organics Ltd allots 1260000 equity shares

The Board of Directors of Vipul Organics Ltd at its meeting held today i.e. January 03, 2018; issued and allotted 12,60,000 Equity Shares of Rs. 10/- each of the Company at an issue price of Rs. 40/- each (including premium of Rs. 30/- per share) upon conversion of 12,60,000 Warrants issued on preferential basis, as approved by the members of the Company in their Extra Ordinary General Meeting held on June 13, 2016.

After the above allotment, the paid up share capital of the Company shall stand increased to Rs. 7,72,45,000/- divided into 77,24,500 Equity Shares of Rs. 10/- each.

Shares of Vipul Organics Ltd was last trading in BSE at Rs.180 as compared to the previous close of Rs. 173.7. The total number of shares traded during the day was 21110 in over 185 trades.

The stock hit an intraday high of Rs. 180 and intraday low of 176. The net turnover during the day was Rs. 3771289.

Source : Equity Bulls

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