Neogen Chemicals Ltd approves preferential allotment

The Management Committee of the Board of Directors of Neogen Chemicals Ltd at their meeting held today i.e. Thursday, January 6, 2022 which commenced at 3.00 p.m. and concluded at 3.30 p.m., considered and approved the allotment of 16,04,710 Equity Shares of face value of Rs. 10 each ('Equity Shares') at a price of Rs. 1,402.12 per Equity Share including a premium of Rs. 1,392.12 per Equity Share, aggregating up to Rs. 2,24,99,95,985.20 (Rupees Two hundred twenty four crores ninety nine lakhs ninety five thousand nine hundred and eighty five and twenty paise only), on a preferential basis to the Allottees.

Pursuant to allotment of aforesaid Equity Shares, the paid-up Equity Share Capital of the Company stands increased from Rs. 23,33,46, 060 to Rs. 24,93,93,160.

Shares of Neogen Chemicals Limited was last trading in BSE at Rs. 1837.50 as compared to the previous close of Rs. 1835.85. The total number of shares traded during the day was 21051 in over 3310 trades.

The stock hit an intraday high of Rs. 1868.05 and intraday low of 1786.40. The net turnover during the day was Rs. 38529376.00.

Source : Equity Bulls

Keywords

NeogenChemicals INE136S01016 SpecialtyChemicals PreferentialAllotment