Sun Pharma Advanced Research Company Ltd approves allotment of 6,24,74,082 warrants at Rs. 178 per warrant

The Securities Allotment Committee of the Board of Directors of Sun Pharma Advanced Research Company Ltd, has considered and approved the Allotment of 6,24,74,082 (Six Crore Twenty Four Lakhs Seventy Four Thousand and Eighty Two) warrants on preferential basis at an issue price [including the warrant subscription price (Rs. 44.50 per warrant) and the warrant exercise price (Rs. 133.50 per warrant)] of Rs. 178/- each (Rupees One Hundred and Seventy Eight only) aggregating to Rs. 1112,03,86,596 (Rupees One Thousand One Hundred Twelve Crore Three Lakhs Eighty Six Thousand Five Hundred and Ninety Six only), to Mr. Dilip Shantilal Shanghvi, Promoter of the Company and to certain other non-promoter persons / entities ('Allottees').

Shares of SUN PHARMA ADVANCED RESEARCH COMPANY LTD. was last trading in BSE at Rs.246.35 as compared to the previous close of Rs. 239.1. The total number of shares traded during the day was 414289 in over 5812 trades.

The stock hit an intraday high of Rs. 250.4 and intraday low of 236. The net turnover during the day was Rs. 102027549.

Source : Equity Bulls

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