Vipul Organics Ltd allots 297500 shares on conversion of warrants

The Board of Directors of Vipul Organics Ltd at its meeting held today i.e. Thursday, 16th December, 2021, has considered and allotted 2,97,500 Equity shares of Rs. 10/- each of the Company at an issue price Rs. 111/- each (including premium of Rs. 101/- per share) upon conversion of 2,97,500 Warrants issued on preferential basis, as approved by the members of the Company in their Extra Ordinary General Meeting held on 30th January, 2021 to the promoter and promoter group.

Shares of Vipul Organics Ltd was last trading in BSE at Rs. 156.25 as compared to the previous close of Rs. 158.05. The total number of shares traded during the day was 2929 in over 71 trades.

The stock hit an intraday high of Rs. 162.00 and intraday low of 156.00. The net turnover during the day was Rs. 462857.00.

Source : Equity Bulls

Keywords

VipulOrganics INE834D01018 SharesAllotment WarrantsConversion