IOL Chemicals & Pharmaceuticals Ltd allots 718000 shares

The Allotment Committee of the Board of Directors of IOL Chemicals & Pharmaceuticals Ltd, in its meeting held today i.e. 17th June 2020 at 11:00 AM has allotted 7,18,000 (Seven Lakh Eighteen Thousand) Fully Paid up Equity Shares of Rs 10/- each at a premium of Rs 195/- per share to M/s NCVI Enterprises Limited (promoter group company) upon exercise of the option attached with the Warrants allotted on 30th March 2019. The said shares shall remain locked-in for a period of 3 years from the date of trading approval.

Consequent upon issue of the abovesaid 7,18,000 Equity Shares, the total paid-up capital of the Company stands increased at Rs 58,30,55,020 (Rupees Fifty Eight Crore Thirty Lakh Fifty Five Thoudand Twenty Only) divided into 5,83,05,502 (Five Crore Eighty Three Lakh Five Thoudand Five Hundred Two) fully paid equity shares of Rs 10/- each.

Shares of IOL CHEMICALS & PHARMACEUTICALS LTD. was last trading in BSE at Rs.352.05 as compared to the previous close of Rs. 371.55. The total number of shares traded during the day was 204699 in over 6849 trades.

The stock hit an intraday high of Rs. 381.4 and intraday low of 305.65. The net turnover during the day was Rs. 71834395.

Source : Equity Bulls

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