Parnax Lab Ltd allots 13,10,000 shares to promoter group

The Board of Directors of Parnax Lab Ltd at its meeting held on March 30,2022 at 05:00 P.M. at the Registered office of the company situated at Gala No. L14, Bldg No. 8, Jogani Industrial Complex, Chunabhatti Mumbai Maharashtra - 400022, have approved the conversion of 13,10,000 warrants of face value Rs. 10/- each into 13,10,000 equity shares at a price of Rs.43.50 (including Premium of Rs. 33.50 per share) to promoter and promoter group on a preferential basis upon exercising the option available with warrant holders.

Shares of PARNAX LAB LTD. was last trading in BSE at Rs. 135.05 as compared to the previous close of Rs. 128.65. The total number of shares traded during the day was 27978 in over 185 trades.

The stock hit an intraday high of Rs. 135.05 and intraday low of 131.00. The net turnover during the day was Rs. 3769020.00.

Source : Equity Bulls

Keywords

PARNAXLAB INE383L01019 WarrantsConversion EquityShares Allotment Promoter