Parenteral Drugs to issue 2670000 shares, 3800000 warrants

Parenteral Drugs India Ltd has announced that the Board of Directors of the Company at its meeting held on January 14, 2008 has decided to issue 26,70,000/- equity shares of the Company on preferential basis and 38,00,000 warrants convertible into equity shares also on preferential basis in terms of - SEBI guidelines prescribed for the purpose, to the selected, independent subscribers and promoters to part finance the proposed expansion programme of the Company.

The Stock was trading at Rs.212, up by Rs.0.20 or 0.09%. The stock hit an intraday high of Rs.222.25 and low of Rs.201.25.

The total traded quantity was 32517 compared to 2 week average of 69582.

Source : Equity Bulls

Keywords